29 Apr 2021
FULLARTON v AROWANA INTERNATIONAL LIMITED [2021] NZHC 931 - COMMERCIAL PANEL [29 April 2021]
- Citation
- [2021] NZCCLR 28
- Court
- High Court
Summary judgment on liability and declarations refused because plaintiffs relied materially on inadmissible hearsay investigatory reports (TEC/Deloitte/administrators) and there were significant disputed factual issues (notably scale/timing of early withdrawals, proportion of revenue derived, regulators' knowledge, and industry practice) that required further admissible evidence and contested testing; however representative proceeding orders under r4.24 were granted (opt-in class as pleaded) with directions and leave to seek further directions reserved.