New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Partnership accounts

  • 25 Jun 2021

    PRESTON v PRESTON [2021] NZHC 1536

    Citation
    [2021] NZHC 1536
    Court
    High Court

    Given the Court of Appeal's finding that GPFT breached the property sharing agreement, HFT was the successful party on the pleaded 030 claim and entitled to costs; however both parties incurred significant costs litigating partnership accounts which were before the High Court and on which GPFT was largely successful, so the costs award is adjusted by allowing a 20% uplift for GPFT's unreasonable refusal to accept a settlement pathway but then reducing the award by 20% to reflect HFT's lack of success on the accounts, resulting in a net costs award to HFT of $27,712.32 plus disbursements of $1…

  • 11 Dec 2009

    VAB V ACRB HC NWP CIV-2008-443-000321

    Citation
    openlaw-1c6ed1c6_c4a0_4720_a54e_95a8379d2a82.pdf
    Court
    High Court

    The right to acquire the remaining interest under the settlement is relationship property; its value is the difference between the unit value attributed in the settlement and external funds payable by the respondent, updated to the Family Court hearing date under s2G(1) and divided equally; interfamily indebtedness subsequently forgiven is not to be taken as a partnership liability; ss9A and 17 do not apply to the respondent's separate property interest on these facts.