CA considers red zone creation and 50% payout offer

04 December 2013

Court Decisions , Insurance Law

In The Minister for Canterbury Earthquake Recovery & Anor v Fowler Developments Ltd & Anor the CA found that the Government’s creation of the red zone after the Canterbury earthquakes was lawful but the offer to purchase the properties of uninsured or vacant red zone owners at 50% of the 2007 valuation was not lawful.
In The Minister for Canterbury Earthquake Recovery & Anor v Fowler Developments Ltd & Anor the CA found that the Government’s creation of the red zone after the Canterbury earthquakes was lawful but the offer to purchase the properties of uninsured or vacant red zone owners at 50% of the 2007 valuation was not lawful.  In The Minister for Canterbury Earthquake Recovery & Anor v Fowler Developments Ltd & Anor the CA found that the Government’s creation of the red zone after the Canterbury earthquakes was lawful but the offer to purchase the properties of uninsured or vacant red zone owners at 50% of the 2007 valuation was not lawful.  In The Minister for Canterbury Earthquake Recovery & Anor v Fowler Developments Ltd & Anor the CA found that the Government’s creation of the red zone after the Canterbury earthquakes was lawful but the offer to purchase the properties of uninsured or vacant red zone owners at 50% of the 2007 valuation was not lawful.