Takaro Properties Ltd v Rowling - [1987] 2 NZLR 700

Negligence — Duty of care — Economic loss — Alleged invalid exercise of statutory power by Minister — Minister of Finance refused consent for New Zealand company to make an issue of new shares to a Japanese corporation — After refusal, company went into receivership — Whether Minister was in breach of a duty of care — Reserve Bank of New Zealand Act 1964, s 28 — Capital Issues (Overseas) Regulations 1965, regs 3 and 6.

Practice and procedure — Interest — Interest on judgment pursuant to s 87 of the Judicature Act — Prescribed rates were increased between cause of action and judgment — Whether prescribed rate retrospective — Whether Court should award interest for whole period at highest rate — Judicature Act 1908, s 87.