21 Feb 2020
VANCE v VEY GROUP LIMITED [2020] NZHC 245
- Citation
- [2020] NZHC 245
- Court
- High Court
Plaintiffs were awarded costs on a 2B basis because they succeeded in proving Vey's affairs were conducted oppressively; the court refused to make Mr Fugle solely liable because sole personal benefit or impropriety was not established, and instead ordered costs against both defendants jointly and severally; the court declined to reserve costs pending valuation because defendants' failures (including not preparing accounts) prevented plaintiffs from assessing earlier offers.