18 Oct 2007
FOUNDATION SECURITIES (NZ) LIMITED V DIRECT LABOUR SERVICES LIMITED (IN LIQUIDATION) AND ANOR HC AK CIV 2006-404-004391
- Citation
- openlaw-e1693301_7b14_495a_888a_861611840c2e.pdf
- Court
- High Court
The company was insolvent, the applicant knowingly placed inaccurate accounting material before the Court and advanced an incredible recapitalisation proposal while obstructing inquiry; those facts constituted exceptional circumstances justifying an award of indemnity costs under r 48C(4) High Court Rules, therefore indemnity costs were awarded to the successful parties.