Dairy Containers v NZI Bank Ltd

JurisdictionNew Zealand
CourtHigh Court
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43 cases
  • JSI Shipping (S) Pte Ltd v Teofoongwonglcloong (a firm)
    • Singapore
    • Court of Appeal (Singapore)
    • 30 August 2007
    ...of care expected of an auditor. In this regard, it is helpful to refer to the seminal case of Dairy Containers Ltd v NZI Bank Ltd [1995] 2 NZLR 30 (“Dairy Containers”) at 54 which, in our view, quite correctly assimilated the requisite standard of care from: (a) the standard required as a m......
  • Thoroughbred Breeders' Association v Price Waterhouse
    • South Africa
    • Invalid date
    ...Merchant Bank of Zimbabwe Ltd 1998 (1) SA 27 (ZSC): referred to Dairy Containers Ltd v NZI Bank Ltd; Dairy Containers v Auditor-General [1995] 2 NZLR 30 (HC Auckland): B referred Daniels v Anderton (1995) 37 NSWLR 438: referred to De Meza and Stuart v Apple, Van Straton, Shena and Stone [19......
  • Mark Stephen Hotchin v The New Zealand Guardian Trust Company Ltd
    • New Zealand
    • Supreme Court
    • 15 March 2016
    ...an argument along these lines could have been, but was not, advanced in Burke: see above n 261. 285 Dairy Containers Ltd v NZI Bank Ltd [1995] 2 NZLR 30 (HC); ANZ Banking Group (New Zealand) Ltd v Dairy Containers Ltd (CA156/92, 17 December 286 See below at [291]. 287 Alexander v Perpetual ......
  • Moore Stephens (A Firm) v Stone Rolls Ltd ((in Liquidation))
    • United Kingdom
    • House of Lords
    • 30 July 2009
    ...LtdELR [2008] 1 AC 884. Cross v Kirkby (unreported, 18 February 2000, CA). Dairy Containers Ltd v NZI Bank Ltd and Auditor-General [1995] 2 NZLR 30. Daniels (formerly practising as Deloitte Haskins and Sells) v Anderson (1995) 16 ACSR 607. Duke Group Ltd v Pilmer (1999) 73 SASR 180; [2001] ......
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4 books & journal articles
  • Tort Law
    • Singapore
    • Singapore Academy of Law Annual Review No. 2007, December 2007
    • 1 December 2007
    ...AC 232 and Khoo James v Gunapathy d/o Muniandy[2002] 2 SLR 414. The Court of Appeal referred to Dairy Containers Ltd v NZI Bank Ltd[1995] 2 NZLR 30 to set out how the standard of care of auditors should be assessed. It was based on a composite of (at [32]): (a) the standard required as a ma......
    • Singapore
    • Singapore Academy of Law Journal No. 2008, December 2008
    • 1 December 2008
    ...1 SLR 821 at [75]. 25 The Court of Appeal cited with approval the decision in Dairy Containers Ltd v NZI Bank Ltd[1995] 2 NZLR 30 at 53 where the terms of engagement expressly stated that the audit “should not be relied upon to disclose defalcations or other irregularities, but their disclo......
  • Director and Shareholder Liability at Pike River Coal
    • New Zealand
    • Canterbury Law Review No. 21-2015, January 2015
    • 1 January 2015
    ...directions or instructions of the shadow director. 72 Vance v Lamb (2010) 10 NZCLC 264,498 (HC) at [44]. 73 Dairy Containers v NZI Bank [1995] 2 NZLR 30 (HC). 74 Lynne Taylor “Expanding the pool of defendant directors in a corporate insolvency: the de facto directors, shadow directors and o......
  • The Auditor’s Legal Responsibilities in the Detection of Fraud
    • South Africa
    • South Africa Mercantile Law Journal No. , August 2019
    • 16 August 2019
    ...thosecircumstances more deeply. In this regard, see In Re Kingston Cotton Mill supra note 43 and DairyContainers Ltd v NZI Bank Ltd [1995] 2 NZLR 30.68Supra note 67.69Idem at 34 (headnote) read with Thomas J’s judgment at 55.AUDITOR’S LEGAL RESPONSIBILITIES IN DETECTING FRAUD 553© Juta and ......

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