Ridgecrest New Zealand Limited v IAG New Zealand - SC 76/2013
Summary
Result
Leave to appeal is granted.
The approved question is whether the Court of Appeal correct to conclude that Ridgecrest is not entitled to be paid for the damage resulting from each of the earthquakes up to the limit of the sum insured.
11 November 2013
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A The appeal is allowed.
B The preliminary question is answered “yes” but subject to the caveats identified in [62].
C The appellant is awarded costs of $25,000 together with reasonable disbursements to be fixed by the Registrar in relation to the appeal.
D The orders for costs in the High Court and Court of Appeal are set aside and the respondent is to pay the appellant costs in those courts to be fixed by those courts.
27 August 2014
Additional Information
McGrath, William Young, Glazebrook, Blanchard, Tipping JJ.