27 Feb 2014
GILLES BAKERY LIMITED v KEVIN JAMES GILLESPIE [2014] NZHC 306
- Citation
- [2014] NZHC 306
- Court
- High Court
Clause 6.1 of the guarantee, properly interpreted, covers Westpac's litigation costs defending proceedings that directly attacked the validity and enforceability of the guarantee; accordingly Westpac was entitled to indemnity costs. In addition, the plaintiffs' claims lacked merit against Westpac and against Messrs Finnegan and Pettigrew such that an uplift of 50% on scale costs was justified for the latter defendants.