{\rtf1\ansi\ansicpg1252\uc1\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033{\fonttbl{\f0\froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};} {\f40\fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri;}{\f58\froman\fcharset0\fprq2{\*\panose 02040503050406030204}Cambria;}{\f181\froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};} {\f182\froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}{\f184\froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}{\f185\froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};} {\f186\froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}{\f187\froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}{\f188\froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};} {\f189\froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}{\f581\fswiss\fcharset238\fprq2 Calibri CE;}{\f582\fswiss\fcharset204\fprq2 Calibri Cyr;}{\f584\fswiss\fcharset161\fprq2 Calibri Greek;} {\f585\fswiss\fcharset162\fprq2 Calibri Tur;}{\f588\fswiss\fcharset186\fprq2 Calibri Baltic;}{\f761\froman\fcharset238\fprq2 Cambria CE;}{\f762\froman\fcharset204\fprq2 Cambria Cyr;}{\f764\froman\fcharset161\fprq2 Cambria Greek;} {\f765\froman\fcharset162\fprq2 Cambria Tur;}{\f768\froman\fcharset186\fprq2 Cambria Baltic;}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255;\red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0; \red255\green255\blue0;\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;\red128\green128\blue128;\red192\green192\blue192;\red79\green129\blue189;} {\stylesheet{\ql \li0\ri0\sa200\sl276\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext0 \styrsid2707705 Normal;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;} {\*\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tscellwidthfts0\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1024\langfe1024\cgrid\langnp1024\langfenp1024 \snext11 \ssemihidden Normal Table;}{\s15\ql \li720\ri0\sa200\sl276\slmult1 \widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext15 \styrsid2707705 List Paragraph;}{ \s16\ql \li0\ri0\sb100\sa100\sbauto1\saauto1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs24\cf1\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext16 \styrsid2707705 normal;}{\s17\ql \li0\ri0\widctlpar \tqc\tx4680\tqr\tx9360\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext17 \slink18 \styrsid2707705 header;}{\*\cs18 \additive \f40\fs22\lang1033\langfe1033\langnp1033\langfenp1033 \sbasedon10 \slink17 \slocked \styrsid2707705 Char Char2;}{\s19\ql \li0\ri0\widctlpar\tqc\tx4680\tqr\tx9360\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext19 \slink20 \styrsid2707705 footer;}{\*\cs20 \additive \f40\fs22\lang1033\langfe1033\langnp1033\langfenp1033 \sbasedon10 \slink19 \slocked \styrsid2707705 Char Char1;}} {\*\latentstyles\lsdstimax156\lsdlockeddef0}{\*\listtable{\list\listtemplateid1172219920\listhybrid{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid-1838281080 \'04[\'00].;}{\levelnumbers\'02;}\fbias0 \fi-360\li720\lin720 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698713\'02\'01.;}{\levelnumbers\'01;}\fi-360\li1440\lin1440 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698715\'02\'02.;}{\levelnumbers\'01;}\fi-180\li2160\lin2160 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0 \levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698703\'02\'03.;}{\levelnumbers\'01;}\fi-360\li2880\lin2880 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0 {\leveltext\leveltemplateid67698713\'02\'04.;}{\levelnumbers\'01;}\fi-360\li3600\lin3600 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698715\'02\'05.;}{\levelnumbers \'01;}\fi-180\li4320\lin4320 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698703\'02\'06.;}{\levelnumbers\'01;}\fi-360\li5040\lin5040 }{\listlevel\levelnfc4\levelnfcn4 \leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698713\'02\'07.;}{\levelnumbers\'01;}\fi-360\li5760\lin5760 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0 \levelindent0{\leveltext\leveltemplateid67698715\'02\'08.;}{\levelnumbers\'01;}\fi-180\li6480\lin6480 }{\listname ;}\listid29260934}{\list\listtemplateid1243612782\listhybrid{\listlevel\levelnfc2\levelnfcn2\leveljc0\leveljcn0\levelfollow0\levelstartat1 \levelspace0\levelindent0{\leveltext\leveltemplateid-1626598736\'03(\'00);}{\levelnumbers\'02;}\fbias0 \fi-720\li2160\lin2160 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext \leveltemplateid67698713\'02\'01.;}{\levelnumbers\'01;}\fi-360\li2520\lin2520 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698715\'02\'02.;}{\levelnumbers\'01;} \fi-180\li3240\lin3240 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698703\'02\'03.;}{\levelnumbers\'01;}\fi-360\li3960\lin3960 }{\listlevel\levelnfc4\levelnfcn4 \leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698713\'02\'04.;}{\levelnumbers\'01;}\fi-360\li4680\lin4680 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0 \levelindent0{\leveltext\leveltemplateid67698715\'02\'05.;}{\levelnumbers\'01;}\fi-180\li5400\lin5400 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698703 \'02\'06.;}{\levelnumbers\'01;}\fi-360\li6120\lin6120 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698713\'02\'07.;}{\levelnumbers\'01;}\fi-360\li6840\lin6840 } {\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698715\'02\'08.;}{\levelnumbers\'01;}\fi-180\li7560\lin7560 }{\listname ;}\listid712384082}{\list\listtemplateid-999550492 \listhybrid{\listlevel\levelnfc1\levelnfcn1\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid-961796210\'03(\'00);}{\levelnumbers\'02;}\fbias0 \fi-720\li1185\lin1185 }{\listlevel\levelnfc4\levelnfcn4 \leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698713\'02\'01.;}{\levelnumbers\'01;}\fi-360\li1545\lin1545 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0 \levelindent0{\leveltext\leveltemplateid67698715\'02\'02.;}{\levelnumbers\'01;}\fi-180\li2265\lin2265 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698703 \'02\'03.;}{\levelnumbers\'01;}\fi-360\li2985\lin2985 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698713\'02\'04.;}{\levelnumbers\'01;}\fi-360\li3705\lin3705 } {\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698715\'02\'05.;}{\levelnumbers\'01;}\fi-180\li4425\lin4425 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0 \levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698703\'02\'06.;}{\levelnumbers\'01;}\fi-360\li5145\lin5145 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0 {\leveltext\leveltemplateid67698713\'02\'07.;}{\levelnumbers\'01;}\fi-360\li5865\lin5865 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698715\'02\'08.;}{\levelnumbers \'01;}\fi-180\li6585\lin6585 }{\listname ;}\listid1071926585}{\list\listtemplateid803216776\listhybrid{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid-1680565942 \'03(\'00);}{\levelnumbers\'02;}\fbias0 \fi-360\li2160\lin2160 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698713\'02\'01.;}{\levelnumbers\'01;} \fi-360\li2880\lin2880 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698715\'02\'02.;}{\levelnumbers\'01;}\fi-180\li3600\lin3600 }{\listlevel\levelnfc0\levelnfcn0 \leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698703\'02\'03.;}{\levelnumbers\'01;}\fi-360\li4320\lin4320 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0 \levelindent0{\leveltext\leveltemplateid67698713\'02\'04.;}{\levelnumbers\'01;}\fi-360\li5040\lin5040 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698715 \'02\'05.;}{\levelnumbers\'01;}\fi-180\li5760\lin5760 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698703\'02\'06.;}{\levelnumbers\'01;}\fi-360\li6480\lin6480 } {\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698713\'02\'07.;}{\levelnumbers\'01;}\fi-360\li7200\lin7200 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2 \levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid67698715\'02\'08.;}{\levelnumbers\'01;}\fi-180\li7920\lin7920 }{\listname ;}\listid1669822145}}{\*\listoverridetable{\listoverride\listid29260934\listoverridecount0\ls1} {\listoverride\listid1669822145\listoverridecount0\ls2}{\listoverride\listid1071926585\listoverridecount0\ls3}{\listoverride\listid712384082\listoverridecount0\ls4}}{\*\rsidtbl \rsid811014\rsid862776\rsid1598413\rsid1972231\rsid2193419\rsid2309175 \rsid2371452\rsid2504626\rsid2506087\rsid2707705\rsid3176464\rsid3422714\rsid3810279\rsid3822112\rsid3831056\rsid4160285\rsid4329331\rsid4331392\rsid4744076\rsid4815830\rsid4855016\rsid4931203\rsid5052173\rsid5062183\rsid5123780\rsid5592493\rsid5643559 \rsid6060947\rsid6160848\rsid6514138\rsid6782860\rsid6953338\rsid7366506\rsid7483118\rsid7958375\rsid8016262\rsid8083724\rsid8270074\rsid8524331\rsid8598875\rsid8790013\rsid8866877\rsid9189166\rsid9452663\rsid9455426\rsid9776131\rsid10712439\rsid10749241 \rsid11014019\rsid11292607\rsid11355540\rsid11404427\rsid11880640\rsid11928628\rsid12063525\rsid12081942\rsid12211158\rsid12459003\rsid12921552\rsid12931985\rsid12983114\rsid13198352\rsid14055906\rsid14105686\rsid14108652\rsid14496123\rsid14510136 \rsid14695321\rsid14967201\rsid15032169\rsid15159555\rsid15297671\rsid15405516\rsid15541791\rsid15560408\rsid15864576\rsid15945946\rsid16592213\rsid16597937\rsid16671932}{\*\generator Microsoft Word 11.0.5604;}{\info {\title \'93this is a quote, has said, of me saying \'91this is a quote\'92\'94}{\author ruddley_e}{\operator ruddley_e}{\creatim\yr2011\mo2\dy12\hr10\min11}{\revtim\yr2011\mo2\dy12\hr10\min18}{\version1}{\edmins7}{\nofpages11}{\nofwords3405} {\nofchars19409}{\*\company scims}{\nofcharsws22769}{\vern24689}}\margl1440\margr1440 \widowctrl\ftnbj\aenddoc\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\formshade\horzdoc\dgmargin\dghspace180\dgvspace180\dghorigin1440\dgvorigin1440\dghshow1 \dgvshow1\jexpand\viewkind4\viewscale100\pgbrdrhead\pgbrdrfoot\splytwnine\ftnlytwnine\htmautsp\nolnhtadjtbl\useltbaln\alntblind\lytcalctblwd\lyttblrtgr\lnbrkrule\nobrkwrptbl\snaptogridincell\allowfieldendsel\wrppunct \asianbrkrule\rsidroot2707705\newtblstyruls\nogrowautofit \fet0\sectd \linex0\endnhere\titlepg\sectlinegrid360\sectdefaultcl\sectrsid4086348\sftnbj {\header \trowd \irow0\irowband0\lastrow \ts11\trgaph115\trrh288\trleft-115\trbrdrb\brdrs\brdrw45\brdrcf15 \trbrdrv\brdrs\brdrw45\brdrcf15 \trftsWidth2\trwWidth5000\trftsWidthB3\trautofit1\trpaddl115\trpaddt72\trpaddb72\trpaddr115\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid4086348\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrs\brdrw45\brdrcf15 \clbrdrr\brdrs\brdrw45\brdrcf15 \cltxlrtb\clftsWidth3\clwWidth7765\clshdrawnil \cellx7650\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrs\brdrw45\brdrcf15 \clbrdrb\brdrs\brdrw45\brdrcf15 \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth1825\clshdrawnil \cellx9475\pard\plain \s17\qr \li0\ri0\widctlpar\intbl\tqc\tx4680\tqr\tx9360\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid4086348 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 { \b\f58\fs18\insrsid2167069\charrsid4086348 Fiji Machinery Limited (\lquote FML\rquote ) & Ors \endash v- NBF Asset Management Bank & Ors\cell }\pard \s17\ql \li0\ri0\widctlpar\intbl \tqc\tx4680\tqr\tx9360\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid4086348 {\b\f58\fs18\cf17\insrsid2167069\charrsid4086348 HBC 209 of 1999\cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\insrsid2167069\charrsid14167932 \trowd \irow0\irowband0\lastrow \ts11\trgaph115\trrh288\trleft-115\trbrdrb\brdrs\brdrw45\brdrcf15 \trbrdrv\brdrs\brdrw45\brdrcf15 \trftsWidth2\trwWidth5000\trftsWidthB3\trautofit1\trpaddl115\trpaddt72\trpaddb72\trpaddr115\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid4086348\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrs\brdrw45\brdrcf15 \clbrdrr\brdrs\brdrw45\brdrcf15 \cltxlrtb\clftsWidth3\clwWidth7765\clshdrawnil \cellx7650\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrs\brdrw45\brdrcf15 \clbrdrb\brdrs\brdrw45\brdrcf15 \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth1825\clshdrawnil \cellx9475 \row }\pard\plain \s17\ql \li0\ri0\widctlpar\tqc\tx4680\tqr\tx9360\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\insrsid2167069 \par }}{\footer \pard\plain \s19\qc \li0\ri0\widctlpar\tqc\tx4680\tqr\tx9360\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\field{\*\fldinst {\insrsid2167069 PAGE \\* MERGEFORMAT }}{\fldrslt {\lang1024\langfe1024\noproof\insrsid2707705 11}}}{\insrsid2167069 \par }\pard \s19\ql \li0\ri0\widctlpar\tqc\tx4680\tqr\tx9360\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 {\insrsid2167069 \par }}{\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}} {\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8 \pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 IN THE HIGH COURT AT SUVA \par CIVIL JURISDICTION}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 CIVIL ACTION NO. 269 OF 1999 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 BETWEEN: \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 FML RESORT LIMITED}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 having its registered office at KPMG, 25 Victoria Parade, Suva. \par 1st Plaintiff \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 AND: \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 ROBERT McLAUCHLAN }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of Flat 7, 44 Le Hunte Street, Suva. \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 2nd Plaintiff \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 AND: \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 NBF ASSET MANAGEMENT BANK \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 1st Defendant \par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 AND: \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 PERMANENT SECRETARY FOR LANDS}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of Government Buildings, Suva. \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 2nd Defendant \par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 AND: \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 PAPAGENO RESORT (FIJI) LIMITED }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 a limited liability company having its registered office at Suva. \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 3rd Defendant \par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 AND: \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 ATTORNEY-GENERAL OF FIJI}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par 4th Defendant \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Before:}{ \b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Master Anare Tuilevuka}{\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Counsel:}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 R. Patel Lawyers for the Plaintiff \par Kohli & Singh for the Defendant \par }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Date of Ruling:} {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 08th February 2011 \par }\pard\plain \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705 RULING}{\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }{\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Background}{\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705 \par }{\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [1].\tab}}\pard\plain \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The NBF Asset Management Bank (}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{ \b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 NBF-AMB}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 ) is a licensed financial institution. I will not retrace here how the NBF-AMB had sprung from the crumbling ruins of the National Bank of Fiji in the late 80s and 90s.}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 This is all clearly set out in a ruling of Master Udit in the case of }{\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 NBF Asset Management Bank \endash v- Taveuni Estates Ltd, Registrar of Titles & A-G}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [2009] FJHC 260; HC HBC0543.2004 (7th April 2009)}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [2].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Suffice it to say that with effect from 1st April 2007, the NBF-AMB has been under the controllership of the Governor of the Reserve Bank of Fiji under }{ \b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 section 32(4)}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of the }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Banking Act 1995}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . In Fiji, whenever a}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 }{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 financial institution such as NBF-AMB}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 }{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 is put under controllership, a moratorium}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 }{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 is invoked}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 to suspend all subsisting claims against the institution and also to place a temporary bar to the filing of any new proceeding against the institution. This is provided for under }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 sections 43(1)(a)}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 and }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 43(2)}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of the }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Banking Act 1995}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Section 43(1)(a)}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of the }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Banking Act 1995}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 provides as follows: \par \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Where a licensed financial institution is declared to be subject to controllership, no person shall \endash \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \b\i\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 (a)\tab}}\pard \s15\ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls2\adjustright\rin0\lin1440\itap0\pararsid2707705 { \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Commence or continue any action or other proceedings including proceedings by way of counterclaim, against that licensed financial institution. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Section 43(2)}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of the }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Banking Act 1995}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 states as follows: \par }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Notwithstanding subsection (1) of this section, }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 an action or proceeding may be commenced or continued against a licensed financial institution}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 for the purpose of determining whether any right or liability exists }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 if the leave of the controller or the High Court is first obtained}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [3].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 What is before me is the plaintiffs}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 application filed }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 on the 26th of May 2008 under }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 section 43(2)}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of the }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Banking Act}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 seeking leave to continue this pending action against NBF. The application is supported by an affidavit sworn on 22nd of May 2008 of Robert McLauchlan, Managing Director of FML Resort Limited (}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "} {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 FML}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 ). \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [4].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 McLauchlan annexes to his affidavit a copy of a letter dated 28th January from the Reserve Bank of Fiji to FML}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s lawyers. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Dear Mr. Sharma \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Re:}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Fiji Machinery Ltd & Ors v NBF Asset Management Bank & Ors Suva High court Civil Action No. 269/99}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 I refer to your letter dated 4 January 2008 \'85\'85 in which you seek leave for your client to continue with the above mentioned action. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 We note that you are \'85 . seeking leave of the Reserve Bank of Fiji to continue with this action pursuant to section 43(2) of the Banking Act 1995. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Please note that \'85.. }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 any applicant for leave would need to show an arguable case }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 and that there is }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 a factual basis}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 where the applicant may succeed. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 We await receipt of your submission for leave. Kindly ensure that it contains full details as to all elements of your clients claim. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Can you kindly furnish the submission within 14 days hereof? \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Yours sincerely \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par \par \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Barry Whiteside \par }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Acting Deputy Governor \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [5].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 McLauchlan then deposes in paragraphs 5, 6, 7, 8 and 9 of his affidavit that: \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 5.}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 As a consequence of the above, I am advised by our solicitors that all pending litigation against the first Defendant became stayed.}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 6.}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 I am advised by our solicitors that pending litigation could be continued either by leave of the Reserve Bank or by leave of the High Court. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 7.}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 I have tried in vain to get leave from the Reserve Bank but the Bank continues to ask for information and has raised issues whi ch really ought to be properly ventilated in Court. Annexed and marked }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 B}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 , }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 C}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 , }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 D}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 , }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 E}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 , }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 F}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 and }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 G}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 are my explanation of correspondence to the Reserve Bank}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 indicating my solicitors said request. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 8.}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 This case is about to be set down for trial and I verily believe that our claim raises triable issues. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [6].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The application is opposed by NBF- AMB which has filed submissions in opposition through its lawyers, Messrs Jamnadas & Associates. The Office of the Attorney-General does not oppose the application. It appears from the above letter that RBF was prepared to grant leave but only if the plaintiffs are able to furnish documentary evidence justifying that they have an arguable case against NBF-AMB. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [7].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The submissions filed by R. Patel & Company recaps on the plaintiff}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s statement of claim filed in 1999. In February 1992, FML purchased CT 48/4780 and 47/4781 situated at Malawai in Kadavu. Together, both parcels of land totaled 348 acres. FML}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s purchase of these lands was financed in part through the sale of a property of the 2nd defendant situated at Pacific Harbour. Later, at some point in time, these Malawai lots were put up as security for a loan that FML and two other related companies were to obtain from the National Bank of Fiji. In 1996, the National Bank o f Fiji was restructured into the NBF and the 1st plaintiff}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s and related companies}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 loan portfolio were then transferred to NBF. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [8].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 It appears that immediately after obtaining the loan, Mr. McLauchlan started writing to NBF regarding the loading of excess interest charges onto the loan accounts.}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The plaintiffs allege that sometime on 29th June 1995, a meeting between NBF and Mr. McLauchlan resolved that NBF would look into the loading of excess interests and consider restructuring the loan while all interes t was frozen for 6 months. However, the National Bank of Fiji was to collapse shortly thereafter and before any action was taken on restructuring the loan. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [9].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Paragraphs 17 to 23 of the plaintiff}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s submissions state as follows: \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\trowd \irow0\irowband0\ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 17.\cell The FML Group was then informed that their loan portfolio had been transferred to the 1st Defendant \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow0\irowband0 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 18.\cell On 15th May 1996 the FML Group}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s accountant Mr Gardiner Whiteside [}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Whiteside}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 ] wrote to the Minister of Finance with a proposal for repayment of the FML Group debt. The first Defendant}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s Chairman of the Board informed the FML Group to pay the sum of $1.1million in full settlement of the group debt. The 2nd plaintiff, on behalf of the FML Group then approached a number of lenders in order to refinance the total debt for 1.1million. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow1\irowband1 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 19.\cell The 2nd Plaintiff was unable to raise $1.1million but instead he put up a proposal for $800,000.00 through Fiji Development Bank. The FML Group intimated to the 1st Defendant that this was the best proposal in the circumstances. The 1st Defendan t rejected this offer. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow2\irowband2 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 20.\cell The 2nd Plaintiff, who was living on Malawai with his family and developing the Resort withdrew from the property when the 1st Defendant took over as mortgagee in possession on 2nd July 1997. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow3\irowband3 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 21.\cell In August 1997 the 1st Defendant advertised Malawai for sale under it}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s mortgage. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow4\irowband4 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 22.\cell On 16th October 1997 the 2nd Plaintiff had a meeting with the then Minister for Finance James Ah Koy, Mr Robert Escudier [General Manager of the 1st Defendant] and Mr Lionel Yee [Chairman of the 1st Defendant}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s Board of Directors] in order to resolve the issue of refinance of the FML Group debt. The three aforementioned persons represented the 1st Defendant at the meeting. It was represented on behalf of the 1st Defendant by Mr James Michael Ah Koy at the meeting that: \par \par \par [a.]}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 the offer of $650,000 was the best offer in the circumstances; and \par \par [b.]}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 the 2nd Plaintiff was organize his loan from FDB for $650,000 in order to proceed with the refinancing. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow5\irowband5 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 23.\cell The 2nd Plaintiff acted in reliance of the representations made at the meeting held on 16th October 1997 and Whiteside submitted all necessary information to FDB by 20th October 1997. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow6\irowband6 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 24.\cell The loan application was for an amount in excess of $500,000.00 so it had to go to the FDB Board of Directors for approval. The Board of Directors met once a month. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow7\irowband7 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 25.\cell While FDB was processing the Plaintiffs loan application the 1st Defendant in breach of the representations made to the 2nd Plaintiff}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 on 16th October 1997 and without any prior notice to the Plaintiffs approved an offer to sell Malawai on 19th November 1997 under its Mortgage to 3rd Defendant for $415,000.00 VIP. The offer was made on 27th November 1997 and accepted by the 3rd Defendants Solicitors on 28th November 1997.\cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow8\irowband8 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \cell \par }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 FIRST CAUSE OF ACTION}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705 :}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 BREACH OF SECTION 6 & 7 OF LAND SALES ACT CAP 137 \par }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow9\irowband9 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 26.\cell The sale to the 2nd Defendant was void and illegal in that contravened section 6 of the Land Sales Act Cap 137. \par \par PARTICULARS \par \par }\pard \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [a].}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 the 3rd Defendant was a company owned and controlled by non Fiji citizens. \par }\pard \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [b]. the 1st Defendant accepted the 3rd Defendant}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s Offer on 19th November 1997 and confirmed the same on 27th November 1997. \par }\pard \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [c]. the total land area exceed 1 acre. \par }\pard \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [c]. no prior consent was obtained either by the 1st Defendant under section 7 of the Land Sales Act Cap 137 or by the 3rd Defendant under section 6 of the said Act at the same time the offer to purchase was accepted as at 19th November 1997 and confirmed the same on 27th November 1997. \par }\pard \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [d]. the contract to purchase and to sell th e land was made before prior consent was obtained from the Minister of Lands.}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow10\irowband10 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 27.\cell The Plaintiffs seek a Declaration that the actions of the 1st and 3rd Defendants made the sale of the said lands to the 3rd Defendant illegal.\cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow11\irowband11 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \cell \par }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 SECOND CAUSE OF ACTION}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705 :}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 MISREPRESENTATION \par }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow12\irowband12 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 28.\cell Further or in the alternative, the purported sale of Malawai was in done breach of the representations made to the 2nd Plaintiff by the 1st Defendant at the meeting held on 16th October 1997 whereby: \par \par }\pard \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [a]. it was accepted and agreed by those present at the meeting that $650,000.00 was the best offer for the FML Group debt; \par }\pard \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [b]. the 2nd Plaintiff was to told to organize his loan with the FDB to facilitate the refinance. \par }\pard \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow13\irowband13 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 29.\cell The 1st Defendant sold Malawai without allowing the 2nd Plaintiff to finalise the FDB loan and the sale was affected without any prior notice or knowledge of the 1st and 2nd Plaintiff there by breaching the representations made at the meeting held on 16th October 1997. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow14\irowband14 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 30.\cell AT th e material time the 2nd Plaintiff was in a position to raise a loan of $650,000.00 and had at the time already secured funding of $300,000.00 from Colonial. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow15\irowband15 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 31.\cell Had the 2nd Plaintiff been informed by the 1st Defendant that there was a specific cut off period for him to secure the $650,000.00 he could have worked within the cut off period. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow16\irowband16 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 32.\cell As a consequence of this breach the 1st Plaintiff was unable to redeem Malawai and to develop its property as a Resort. \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow17\irowband17 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 33.\cell }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The Plaintiff seeks general damages in the circumstances for the fact that:}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [a].}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 its lost Malawai}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [b]. The 2nd Plaintiff and his family lost their home and investment}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [c]. The 2nd Plaintiff and his family were unable to live and reside on the said property and develop the same as a Resort.\cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow18\irowband18 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \cell Third cause of Action}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 :}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Fraud \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow19\irowband19 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 34.\cell FURTHER or in the alternative, the said purported sale of Malawai was fraudulent in the circumstances. \par \par }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 PARTICULARS OF FRAUD \par }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par [a].}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 the 1st Defendant knew at all material times that the 2nd Plaintiff was securing a loan of $650,000.00 \par \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow20\irowband20 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \cell [b]}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 the 2nd Plaintiff was directed by the 1st Defendant to get his loan and as such the 2nd Plaintiff relied on the representations made at the meeting held on 16th October 1997. \par \par [c]}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The 1st Defendant was estoped from accepting any offer tor Malawai without giving prior notice to the 2nd Plaintiff. \par \par [d[}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The 1st Defendant acted dishonestly and in bad faith by purporting to sell Malawai without \par \par {\listtext\pard\plain\s15 \intbl\b\i\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 (I)\tab}}\pard\plain \s15\ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\ls3\adjustright\rin0\lin720\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Allowing the 1st and 2nd}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Plaintiff an opportunity to finalise the loan application with FDB}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \ql \li720\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin720\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [ii]}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Offering}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Malawai to an overseas buyer on 27th}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 November 1997 without obtaining prior ministerial}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 consent. \par }\pard \ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par [e]}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 By not informing the 2nd Plaintiff that it was going to}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 accept the offer from the 3rd Defendant the 1st Defendant f}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 failed to evaluate Whiteside}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s offer of $650,000.00 and}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 failed}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 to give the Plaintiff an opportunity to finalise their}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 } {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 finance or apply for injunctions or other relief. \par \par [f]}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The 1st Defendant}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 failed to obtain}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 any prior}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 consent from the}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Minister of Lands under the Land Sales Act before accepting}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 the offer from the 3rd Defendant on 27th November 1997 \par \par [g]}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The 1st Defendant}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 failed to advertise Malawai for sale to}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 indigenous buyers before selling the same since the purported}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 purchaser was a foreign owned company and the land was }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 over 1 acre in total.\cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow21\irowband21 \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row }\pard\plain \s15\ql \li0\ri0\nowidctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \cell \cell }\pard\plain \ql \li0\ri0\widctlpar\intbl\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \trowd \irow22\irowband22\lastrow \ts11\trgaph108\trleft1440\trftsWidth1\trftsWidthB3\trautofit1\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblrsid3486317\tbllkhdrrows\tbllkhdrcols \clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth720\clshdrawnil \cellx2160\clvertalt\clbrdrt\brdrtbl \clbrdrl\brdrtbl \clbrdrb\brdrtbl \clbrdrr\brdrtbl \cltxlrtb\clftsWidth3\clwWidth7308\clshdrawnil \cellx9468\row {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [10].\tab}}\pard\plain \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 It appears that whilst the plaintiffs were trying to arrange for a $650,000 loan from the Fiji Developmen t Bank to refinance the loan, the 1st defendant sold Malawai to the 3rd defendant for a meager sum of $415,000-00 VIP on a mortgagee sale. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [11].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The history of the case as painted by the plaintiff \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [12].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The following causes of action are also pleaded: \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 (i)\tab}}\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls4\adjustright\rin0\lin720\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 that the 1st defendant }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 acted in bad faith}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 in proceeding with the mortgagee sale}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 (ii)\tab}}\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls4\adjustright\rin0\lin720\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 that as caretaker of the property at Malawai, }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 failed to account for loss }{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of various items at Malawai such as boats, dive equipment, compressors, and furniture and fittings all to the tota l value of some $390,000-00 and that these items were not covered under the 1st defendant}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s mortgagee sale. }{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \b\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 (iii)\tab}}\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls4\adjustright\rin0\lin720\itap0\pararsid2707705 { \b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 breach of policy guidelines}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 against the Director of Lands in granting consent to the re-sale of Malawai which resulted in the sale and the consequential losses to the plaintiffs.}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 (iv)\tab}}\pard \s15\ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls4\adjustright\rin0\lin720\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 the remedies sought are general damages against all the defendants, special damages against the 1st defendant in the sum of $390,000-00, and declarations that the 1st, 2nd and 3rd defendants acted in breach of sections}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 6 and 7 of the Land Sales Act (Cap 137). \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [13].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 In }{\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 NBF Asset Management Bank \endash v- Taveuni Estates}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 , the approach taken by Master Udit was firstly to assess whether or not the facts as pleaded raised some triable issues. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [14].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Having concluded that there were triable issue s raised by the pleadings, Master Udit then examined the regulatory scheme of the Banking Act as it relates to Banking institutions under controllership and in particular on section 43 of the Banking Act. The learned Master noted at the outset that the sc ope of section 43 had never before been subjected to judicial scrutiny in Fiji because }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 no financial institution has been placed under controllership}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 since the Banking Act came into force. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [15].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Given the novelty involved, Master Udit felt the urge to have recourse to the legislative history of section 43 to assist him in interpreting the section. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [16].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 And so, after citing as authority the House of Lords decision in }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Pepper -v- Hart [1993] AC 593}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 and as applied by the Supreme Court of Fiji (Honourable Lord Cooke of Thorndon, and Honourable Sir Anthony Mason J SC) in }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Bull v Commissioner of Inland Revenue (Majority Judgment [1999] FJSC 5; CBV0005.1998S}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (10 March 1999)}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 , Master Udit went on to examine the }{ \b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Hansard Report of 15th February 1995.}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [17].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Master Udit observed that the Banking Act actually confers upon the Controller or the Court a very wide discretion in dealing with whether or not to grant leave under section 43. He then looked at }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 section 122}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of the }{ \b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Reserve Bank of NZ Act 1989}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 and }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 section}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 42}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of the }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Corporation (Investigation and Management) Act 1989}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 which he likened to }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 section 43}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . First, he examined various New Zealand cases which dealt with }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 section 122}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Then, having considered the above authorities, he then considered various New Zealand cases that dealt with } {\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 sections 42}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 and }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 43}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . The following in particular is worth reiterating:}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [62] In considering an application for leave under the Act, it must be borne that:-}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (a) The power to grant leave is restricted to }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 an action or proceeding}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 which has the purpose of }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 determining whether a right or liability exists}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 ; }{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Kraseman -v- DFC}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [1990] 3 NZLR 606 of 610}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 and see also }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 S 43(2).}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (b) Further the Act itself does not prescribe any criteria for the granting or otherwise of leave to commence or continue with an action or proceeding under S 43. However, a court in considering an application for leave must take in to account }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 the general policy of the Act}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 and that }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 the right of a litigant to have his/her claim determined in a court of law}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . By virtue of s 43(1)(a) this latter right of a litigant is interfered with, }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 in a manner as being one which is at once dramatic and automatic}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 "}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 ; Wilson -v- Auroro Group [1990] 1 NZLR 261}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 .}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (c) The }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 onus is on the applicant to }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 "}{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 establish a legal and factual foundation for the claim}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 In such a case, the Court is not only permitted to, but probably will be required }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 "}{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 to review the evidence in order to ascertain whether there is a proper basis for the allegations}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 " made}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 ; }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Batkin Holdings (supra).}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (d) An application for leave to commence a proceeding against a financia l institution under Controllership must be made by an Originating Summons; }{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Re DFC New Zealand Ltd (in Stat man) [1996] 7 NZCLC 260953 at}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 260955 (per Barker J)}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . On the other hand, where an action is already filed, leave nunc pro tunc to continue with the same is to be made by an ordinary interlocutory summons with supporting affidavit.}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (e) }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Where the Controller vigorously opposes the grant of leave, s/he must comprehensively set out the reasons for it in an affidavit}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Where a claim, to his/her mind is hopeless, it must accordingly be stated}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . }{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 However, when it becomes obvious that there is in extant a right or liability that needs to be resolved, the Controller must explain how s/he intends to deal with the matter without the need for an action or proceeding in court. Even if the matter is likely to be resolved during the course of the controllership, s/he must depose the same. Likewise, where a particular proceeding or action will or may become in impediment to the exercise of the statutory function, the onus i s upon the Controller to disclose the same in detail. In doing so, the Controller in my view must pay regard to his/her statutory function, as well the resolution of meritorious issue pertaining to the subsisting rights or liabilities of a litigant}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 .}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [63] Si nce the Act gives the Controller and Court an unrestricted discretion, the statement of some criteria will provide valuable guide to the parties, Controller and Court in future. It will assist in maintaining consistency when considering such an applicatio n. In addition, the litigant or the Controller will be able to adduce relevant and cogent evidence in making or opposing an application. However, in the same vain I concur with the views of their Lordships in the cases cited above that:-}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (a) the statutory d iscretion is unfettered and any criteria introduced by the court are not designed to fetter the discretion. It is for the purposes of maintaining consistency and offering some form of future guidance.}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (b) the criteria do not necessarily apply uniformly to the facts of each and every case.}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (c) by no means any statement or listing of criteria is intended to be exhaustive. However, some of the criteria will commonly apply in all cases.}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li720\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [64] Having considered the authorities cited above, when taken together wit h the intent and purpose of our legislation, I propose to adopt the following criteria:-}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (a) }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The strength of the applicant}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s case}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . It must be considered in light of the rights or liabilities which the proceeding or action is set to determine.}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (b) The }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 seriousness of the issue to be determined}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 by an action or proceeding.}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (c) Whether }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 judicial determination of the issues}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 in the action is necessary for the controllership and/or for the determination of the issue at large between the parties.}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (d) }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Delay}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 in commencing or continuing an action or proceeding.}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (e) Whether the }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 issue is likely to be resolved in the ordinary course of controllership}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 .}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (f) Whether the }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 applicant}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s right to have a claim determined by an impartial tribunal is likely to be defeated at the conclusion of the controllership}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 , especially if the institution is to be wound-up.}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (g) Whether the }{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 litigation may impede the prompt and efficient execution of the Controller}{\b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705 '}{ \b\i\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s statutory duty}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 . This must be considered in conjunction with para (c) above.}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \ql \li1440\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid2707705 {\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (h) Further, (}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 which is relevant to the fact of this case but not considered by the Courts in New Zealand}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 ) is where there is a counterclaim, the court must pay heed to the statement of defence to the financial institution}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s claim. Where both the defence and counter-claim are so intertwined, leave merely becomes a formality. A cause of action in a counterclaim which is independent of the plaintiff}{\b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{ \b\i\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s claim or the defence thereto, is to be treated in the same manner as a originating claim. \par }\pard\plain \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \f40\fs22\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [18].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 I apply the same principles above to this case now before me as follows. I have }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 reviewed the plaintiff}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s bundle of documents filed herein in 2004 and while I have some reservations about the viability of the plaintiff}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s chances of success on their case theory \endash the documents do tend to establish at least a factual foundation for their claim. }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [19].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The plaintiffs}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 case turns eventually on whether or not the NBF Asset Management Bank as mortgagee was obliged to wait for the FDB approval of the plaintiff}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s application for refinance \endash bearing i n mind that the FDB board had twice before declined the plaintiffs application and was still not convinced about the documentation put before it. There is a letter dated 2nd January 1997 from FDB to the plaintiff which is included amongst the documents in the plaintiff}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 '}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 s }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Bundle of Documents}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 advising that the application to refinance NBF debt had been declined. This apparently was the second letter from FDB. A third letter from FDB dated 27th November 1997 to plaintiffs advised that the }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Board has deferred decision on }{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 [the loan application for $650,000 \endash 00]}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 pending submission of written confirmation of orders/enquiries to substantiate sales figures stated in the submission which is to be forwarded to the bank by no later than 5th December 1997}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 "}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 (sic). \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [20].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 The claim against the Director of Lands appears to be rather weak in my view \endash but it is best to leave this for determination after a trial of the evidence. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [21].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 One thing for sure, the rights and liabilities in issue of the action as a whole, needs to be judicially determined. At least, the Counsel are in agreement on this point. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par {\listtext\pard\plain\s15 \lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \hich\af0\dbch\af0\loch\f0 [22].\tab}}\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2707705 { \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 But in this case \endash I adopt the same principles as enunciated by}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{ \b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Kirby J}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 in }{\b\f0\fs24\ul\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Len Lindon v The Commonwealth of Australia (No. 2)}{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 S. 96/005}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 that even a weak case is entitled to the time of the court.}{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705 }{\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 In conclusion, I grant leave to the plaintiff to continue with the this action against the defendants under }{\b\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 section 43(2)}{ \f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 of the Banking Act 1995. \par }\pard \s15\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\f0\fs24\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }\pard\plain \s16\qc \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 \fs24\cf1\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\cf0\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 Anare Tuilevuka \par Master}{\b\cf0\lang2057\langfe1033\langnp2057\insrsid2707705 \par }\pard \s16\ql \li0\ri0\nowidctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid2707705 {\b\cf0\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par At Lautoka \par 08th of February 2011.}{\cf0\lang2057\langfe1033\langnp2057\insrsid2707705\charrsid2707705 \par }}