7 Oct 2011
HOUGHTON V SAUNDERS & ORS HC CHCH CIV-2008-409-348
- Citation
- openlaw-ae17bcf2_d5c8_472b_8fca_68af7f29e16f.pdf
- Court
- High Court
The Court held the proceeding is eligible for the Commercial List (notably as a Securities Act matter) but declined to order entry or transfer to Auckland because the unique and complex representative nature of the case, the need for continuous, close judicial management and oversight of the funder and the progress already achieved under the assigned Christchurch judge outweighed prospective cost savings; defendants did not discharge the onus to show an overall improvement in convenience and fairness by transfer, so the transfer application was dismissed.