5 Sept 2018
HEAVYWEIGHT HIRE LTD v FOREST MANAGEMENT LTD [2018] NZHC 2332
- Citation
- [2018] NZHC 2332
- Court
- High Court
On the evidence the wash-up accounting explained the disputed dockets and Heavyweight did not prove underpayment; FML must nonetheless reimburse Heavyweight for reasonable third-party discovery costs because FML failed to disclose material accounting documents; insufficient books/statements prevent the Court deciding the Bluff Structures conversion claim so FML must prepare and provide proper financial accounts and a balance sheet; the contract acceleration clause brought the full balance due on default (20 April 2015) so penalty interest applied from that date and, after accounting for inter…