The Supreme Court recently had the opportunity to provide clarity on the meaning of assignment, as opposed to novation, and the legal effect of each in their recent decision of Savvy Vineyards 3552 Ltd & Savvy Vineyards 4334 v Karaka Estate Ltd & Weta Estate Ltd [2014] NZSC 121; yet they seem to have further muddied the waters by a split decision (Young, Glazebrook & Arnold JJ in the majority, Elias CJ & McGrath J in the minority).

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