26 Aug 2019
FTG SECURITIES LIMITED v BANK OF NEW ZEALAND [2019] NZSC 93
- Citation
- [2019] NZSC 93
- Court
- Supreme Court
Leave to appeal was refused because the proposed appeal raised issues specific to the interpretation and application of clause 15 of the particular Priority Deed rather than questions of genuine wider commercial significance; FTG knowingly declined to comply with a contractual consent requirement that existed for the Bank's protection and therefore lacked standing to enforce the Priority Deed.