31 Jul 2020
DOLD v MURPHY [2020] NZCA 313
- Citation
- [2020] NZCA 313
- Court
- Court of Appeal
Court held the demand did not breach the shareholders' agreement because the agreement did not create a drag‑along obligation or bar a minority shareholder seeking a premium; no fiduciary duty arose between co‑shareholders in the circumstances; and the payment was not procured by economic duress. Leave to amend was denied and the appeal dismissed.