9 Jun 2015
NEW ZEALAND CARBON FARMING LIMITED v NZCF LAIDMORE LIMITED [2015] NZHC 1274 [9 June 2015]
- Citation
- [2015] NZHC 1274
- Court
- High Court
The Court held that (1) NZCF was obliged to sell and MRP obliged to buy the NZUs transferred to NZCF by the Crown pursuant to the 2013 MER (wash-up units included) and delivered on 1 March 2013; (2) clause 2.1(d) scaling was not triggered because the FMA was in operation at the time of signing and the clause was intended to address future amendments to accounting mechanisms, thus no pro-rata increase of schedule volumes applied; (3) NZCF's document obligation is limited to providing the emissions return (and substitute documents of similar function) and does not extend to furnishing all under…