20 Jun 2022
REID v ESTREICH [2022] NZHC 1433
- Citation
- [2022] NZHC 1433
- Court
- High Court
The defendant unreasonably withheld written consent to the assignment in breach of ss226–227 because his stated reasons lacked evidential merit and he failed to provide written consent within a reasonable time; accordingly a declaration was granted and, on causation assessed by a but‑for test, the assignees proved loss from increased mortgage interest directly attributable to the delay and were awarded $5,920 under s228; costs awarded to the plaintiffs on a category 2B basis.