The Weekly Law Reports
[1993] 3 WLR 347
[PRIVY COUNCIL]
DELOITTE HASKINS AND SELLS Appellant and NATIONAL MUTUAL LIFE NOMINEES LTD. Respondent
[Appeal from the Court of Appeal of New Zealand]
1993 April 20,
21,
22,
26,
27;
June 10
June 10
Lord Keith of Kinkel, Lord Bridge of Harwich, Lord Griffiths, Lord Jauncey of Tullichettle and Lord Mustill
New Zealand
— Deposit taking business
— Auditor's duties
— Company taking unsecured deposits
— Auditor required to report to trustee for depositors
— Failure of auditor to make report or advise trustee of relevant matters
— Extent of auditor's statutory duty
— Whether auditor in breach of duty
— Whether common law duty superimposed
—
Securities Act 1978, s. 50(2)