21 Dec 2022
BOLITHO v WALTER ROBERT INVESTMENTS LIMITED [2022] NZHC 3596
- Citation
- [2022] NZHC 3596
- Court
- High Court
The arbitrator correctly interpreted 'fair market value' by applying accepted IVS valuation principles (including highest and best use) and using market comparison cross‑checked with income approaches; his findings were fact‑based expert assessments and did not involve errors of law, therefore the appeal is dismissed.
- Appeal on questions of law
- Interpretation of 'fair market value'
- Valuation methodologies
- Lease termination payment
- Costs