1 Sept 2016
CARR v GALLAWAY COOK ALLAN [2016] NZHC 2065
- Citation
- [2016] NZHC 2065
- Court
- High Court
GCA conceded liability; the court assessed quantum primarily by reference to market valuation principles and factual evidence on available water, productive capacity and comparable sales. The Court rejected plaintiffs' primary request to adopt a speculative investor-specific uplift as the principal measure but allowed limited recognition of plaintiffs' particular position where supported by contemporaneous valuation evidence. The Court awarded compensatory damages for loss of BSF and other ASA assets, awarded certain wasted and consequential litigation costs, granted general damages for stres…