WORLDWIDE NZ LLC v NEW ZEALAND VENUE AND EVENT MANAGEMENT LIMITED [2013] NZSC 97

WORLDWIDE NZ LLC v NEW ZEALAND VENUE AND EVENT MANAGEMENT LIMITED [2013] NZSC 97

The Supreme Court granted leave to appeal and approved the specific question regarding whether the Court of Appeal erred in not awarding interest; the Supreme Court made no substantive determination on the award of interest at this stage.

Source-derived case information.

Citation
[2013] NZSC 97
Parties
Applicant: WORLDWIDE NZ LLC; Respondent: NEW ZEALAND VENUE AND EVENT MANAGEMENT LIMITED
Court
Supreme Court
Jurisdiction
New Zealand
Judgment Date
11 October 2013
Procedural Posture
Appeal to Supreme Court / Leave to Appeal Granted
Outcome
Leave to appeal granted and question approved for determination on appeal.
Legal Topics
Interest on Valuation of Shares, Award of Interest, Valuation of B Units
Civil Procedure Appeal Remedies Interest on Valuation of Shares Award of Interest Valuation of B Units

Source-derived case record

Summary, issues, holding and outcome

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Parties

WORLDWIDE NZ LLC

Applicant

NEW ZEALAND VENUE AND EVENT MANAGEMENT LIMITED

Respondent

Procedural Posture

Appeal to Supreme Court / Leave to Appeal Granted

Legal Issues

  1. 1 Whether the Court of Appeal erred in not awarding interest on the value fixed in respect of the 'B' units and shares

Ratio Decidendi

The Supreme Court granted leave to appeal and approved the specific question regarding whether the Court of Appeal erred in not awarding interest; the Supreme Court made no substantive determination on the award of interest at this stage.

Court Disposition

Leave to appeal granted and question approved for determination on appeal.

Orders

  • Leave to appeal granted
  • Approved question: whether the Court of Appeal was in error in not awarding interest on the value fixed in respect of the 'B' units and shares