19 Sept 2019
COMMERCIAL FACTORS LIMITED v SCENIC HOTEL GROUP LIMITED [2019] NZHC 2370
- Citation
- [2019] NZHC 2370
- Court
- High Court
The Court found no binding contractual joint venture or sale agreement between CFL and Scenic by 24–27 June 2011; CFL's estoppel claim failed because there was no clear unequivocal representation inducing reasonable detrimental reliance and no unconscionability by Scenic; however a pre-contractual joint venture existed from mid‑2011 under which fiduciary duties arose and that joint venture relationship was validly terminated by CFL on 26 March 2015; judgment entered for the second defendant and costs reserved.