5 Sept 2013
TRANSPORT INVESTMENTS LIMITED v PETROLEUM LOGISTICS LIMITED [2013] NZHC 2307
- Citation
- [2013] NZHC 2307
- Court
- High Court
The Court held Mr Hagen's fee was a disbursement incurred for the purposes of the proceeding and awarded TIL $5,031.25; the full Grant Thornton fee was unreasonable but a reasonable recovery was 50% of that fee ($47,148.41) given the complexity and necessity of expert valuation, resulting in total additional disbursements of $52,179.66 to TIL, applying r 14.12 and the requirement of reasonableness.