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High Court Wellington
7, 8 September; 30 November 1998
Fisher J
7, 8 September; 30 November 1998
Fisher J
Arbitration — Award — Setting aside an arbitral award — Alleged breach of natural justice — Whether a lack of opportunity to be heard as to valuation model adopted in arbitral award — Arbitration Act 1908.
Arbitration — Award — Setting aside an arbitral award — Alleged error of law — Whether adoption of stumpage formula failed to achieve “maximum practicable financial yield” as required under lease — Arbitration Act 1996, s 19(5).