20 Dec 2021
POWELL v K 2 INVESTMENT GROUP LIMITED [2021] NZHC 3565
- Citation
- [2021] NZHC 3565
- Court
- High Court
The Court fixed plaintiff's solicitor/client indemnity costs at $308,970.08 as reasonable and recoverable under the loan agreement and High Court Rules after disallowing costs previously fixed and apportioning deductions for security application and caveat matters; the Court further held Kemeny had actively controlled and benefited from K2 New Zealand's defence and counterclaim such that, in the exceptional circumstances, he is jointly and severally liable to contribute $228,970.08 toward the indemnity costs (subject to reduction if prior scale costs of $66,663 are paid).