The Court of Appeal has today dismissed the appeal(s) by EQC against High Court decisions awarding homeowners costs and disbursements where EQC paid cap after being sued. Here is the judgment. This is an excellent result for homeowners and should encourage more people to sue EQC. The High Court had awarded each homeowner 50% of the 2B costs and disbursements on the basis that an insurer was still a party. The Court of Appeal refused to increase this to 100%.
Southern Response applied to the Supreme Court for leave to appeal the Court of Appeal decision including a 10% contingency and 10% professional fees as part of a rebuild costing. By a brief judgment released 4 may 2015 the Supreme Court said: A The application for leave to appeal is granted (Avonside Holdings Ltd v Southern Response Earthquake Services Ltd  NZCA 483). B The question on which leave is granted is whether the Court of Appeal was correct to find that the respondent was entitled under its insurance policy with the appellant to claim allowances for contingencies and for professional fees given that the respondent has elected to purchase […]
Here is the link to newsletter no. 5