12 Oct 2018
NICON LIMITED v TOWER INSURANCE LIMITED [2018] NZHC 2655
- Citation
- [2018] NZHC 2655
- Court
- High Court
The Court held that the first document (HOA) was a binding agreement and that its terms required Stream to offer Nicon the chance to participate in competitive tendering as the preferred contractor; Stonewood acted as agent of Tower/Stream; the alleged fee quote agreement was not established; overall the parties had commensurate success and therefore costs lie where they fall.