14 Jul 2017
TORCHLIGHT FUND NO 1 LP (IN RECEIVERSHIP) v WILACI PTY LIMITED [2017] NZSC 112 [14 July 2017]
- Citation
- [2017] NZSC 112
- Court
- Supreme Court
Leave to appeal was dismissed because the dispute was governed by New South Wales law and the Court could not depart from the High Court of Australia authority in Paciocco; the Court of Appeal had correctly applied that authority to the particular factual context (sophisticated parties, independent advice, exceptional risk to lender) and no issue of sufficient general or public importance or clear error requiring correction was shown.