Oppression under the CCCFA

The recent High Court decision in AXA New Zealand Nominees Ltd v 10 Gilmer Ltd (in rec) (HC, 6/12/2011) explained the issue of oppressive conduct in the context of a lender under a credit contract (including, but not limited to, consumer credit contracts). Section 118 of the CCCFA defines “oppressive” as “oppressive, harsh, unjustly burdensome, [...]