17 Jul 2017
LIFESTYLES INVESTMENT GROUP v CORAL INVESTMENTS SECURITIES LIMITED (Struck off) [2017] NZHC 1639
- Citation
- [2017] NZHC 1639
- Court
- High Court
The review is dismissed because the Associate Judge did not err in concluding that an Australian court has jurisdiction and is the more appropriate forum under s24 TTPA: the key subject matter (funds and accounts), the applicable law for claims against Macquarie, and the relevant statutory/regulatory regime are connected to Australia; Australian courts are better placed to resolve issues about knowing assistance; plaintiffs' new evidence on financial incapacity was neither fresh nor sufficiently cogent to alter the balance; and limitation concerns were addressed by undertakings, so there was…