Murray v Morel & Co Ltd - [2007] 3 NZLR 721

Commercial law — Securities Act 1978 — Forestry investment scheme — Whether minimum amount payable for participatory securities paid to, and received by, issuer within four months after date of registered prospectus — Whether cheque to be held and “offset” against debt from partnership “payment of money” made within time — Illegal Contracts Act 1970.

Practice and procedure — Limitation — Whether “reasonable discoverability” general test to be applied to all causes of action — Whether to be extended to claims in negligence and breach of trust in present case — Limitation Act 1950, ss 4(3) and 28.