Musings of a busy mind

On 15 March 2024, the High Court issued its decision in Hawkins v Elizabeth Properties, joining the 2023 decision in Rau Paenga in emasculating the rights of parties to protect themselves in the event of default.

This is the third of four articles on successful projects, focusing on third party arrangements.

In what looks like the ongoing saga of the Arrow liquidation, yesterday the High Court in Wellington effectively confirmed that demand could be made under a bond, against the owner's assessment of the likely losses arising from Arrow's failure to complete the development of a property for the Chow brothers at 89 Courtenay Place in Wellington.