18 Nov 2021
WULFF v DEMARCO [2021] NZHC 3110
- Citation
- [2021] NZHC 3110
- Court
- High Court
The court held on the objective construction of the parties' emails and the three executed documents that the arrangement was a sale: Wulff paid US$500,000 and thereby acquired legal and beneficial title to the Curtiss P-40 in March 2012 (subject only to DeMarco's contractual right under clause 2 of the P-40 side letter to a share of proceeds) and that DeMarco held 500 OSRC shares on trust for Wulff and Wulff is entitled to be entered in (or to rectification of) the company's share register; claims for compensation and other monetary relief were adjourned because of bankruptcy/liquidation and…