6 Dec 2011
AXA NEW ZEALAND NOMINEES LIMITED V 10 GILMER LIMITED (IN RECEIVERSHIP) HC WN CIV 2011-485-1572
- Citation
- openlaw-d579e396_c490_425d_8ec7_54d1686b87ac.pdf
- Court
- High Court
Defendants failed to establish a reasonably arguable case of oppression: the valuation and LVR covenant were contractual, AXA's conduct fell within agreed contractual and statutory powers, defendants did not adduce adequate evidence that appointment of receivers or other actions amounted to conduct contrary to reasonable commercial standards, and therefore summary judgment and vacant possession were appropriate.