16 Nov 2018
RESERVE BANK OF NEW ZEALAND v CBL INSURANCE LTD (NO 1) [2018] NZHC 2967
- Citation
- [2018] NZHC 2967
- Court
- High Court
The court admitted the disputed affidavits because the material was either genuine reply or necessary updating evidence, was highly relevant to the statutory grounds for liquidation, hearsay components were admissible where it was impracticable to call makers, late disclosure was explained by complexity and no specific prejudice was shown, and there was insufficient particularised evidence that privileged material had been used to justify exclusion.