12 May 2016
SPORTZONE MOTORCYCLES LIMITED (IN LIQUIDATION) v COMMERCE COMMISSION [2016] NZSC 53
- Citation
- [2016] NZSC 53
- Court
- Supreme Court
The Supreme Court upheld the Court of Appeal: ss 41–44 must be interpreted transaction‑specifically so that fees are reasonable only to the extent they recover costs or losses sufficiently close and relevant to the particular steps to which the fee relates; permissible cost recovery is generally variable/transaction‑specific costs with limited inclusion of fixed costs where proven; broad allocation of general overheads or a beneficial‑relationship/avoidable‑cost approach is not permitted.