19 Sept 2019
RESTAURANT BRANDS LIMITED v FORSGREN NZ LIMITED [2019] NZHC 2375
- Citation
- [2019] NZHC 2375
- Court
- High Court
The phrase 'terminated or lapses for any reason' in cl 3(f) is given its ordinary and natural meaning, which includes termination by operation of law following the Crown's acquisition under the Public Works Act 1981; the sublease was functionally terminated and therefore RBL is entitled to payment of the $400,000 Escrow Amount under cl 3(f).