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Financial Services Quarterly
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Final chapter in New Zealand equity swaps case?
On 9 March, in a decision that ended an 18-month legal dispute, New Zealand's highest court refused to hear a final appeal against the Court of Appeal decision in Perry Corporation v Ithaca (Custodians) Ltd.
The background to this case, and the judgments of the High Court and the Court of Appeal, have been the subject of previous newsletters, New Zealand Court orders share forfeiture in equity swap case and New Zealand Court Of Appeal recognises "market reality" in overturning lower court decision.
However, while the matter is at an end between the parties, the legal issue at the heart of the dispute looks set to continue with the Government confirming a law change. These developments are discussed in full in this newsletter.
Enquiries and information
For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.
Disclaimer
This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.
