Worldwide NZ LCC v New Zealand Venue and Event Management Limited - SC 50/2013

Civil Appeal – Judicature Act 1908, s 87 – Whether the Court of Appeal erred in concluding that under s 87 a court may award interest on a debt only from the date on which the debt is ascertained or becomes immediately ascertainable – Whether the Court of Appeal erred in concluding that the price payable for the “B” units and shares, being their fair market value, was not an ascertainable debt under s 87 – Whether the Court of Appeal erred in concluding that a cause of action for recovery of the unascertained debt did not arise until after determination of the value of the units and shares – Whether the Court of Appeal erred in interpreting “debt or damages”  – Whether the Court of Appeal erred by concluding, in effect, that the equitable principle requiring a purchaser in possession to pay interest to an unpaid vendor did not come within s 87 – Whether the Court of Appeal erred by concluding, in effect, that the applicant’s pleaded claim asserting rights pursuant to a vendor’ s lien was disentitling conduct preventing it from receiving interest for the period during which the respondent enjoyed the benefits of owning the units and shares.[2013] NZCA 130  CA 834/2011