28 Feb 2020
PVG SECURITIES TRUSTEE LIMITED v 100 INVESTMENTS LIMITED [2020] NZHC 328
- Citation
- [2020] NZHC 328
- Court
- High Court
Claim dismissed because 100 Investments failed to prove that its alleged losses flowed from the injunction and undertaking; absence of evidence that restrained funds were used to pay the PFSL or family trust debts meant causation was not established; statutory Interest Act is not an automatic proxy for interest as contractual damages, which must be proven and assessed on ordinary contractual principles.