31 Mar 2010
WELLINGTON AUDIO VISUAL LTD AND ORS V EURO BOSTON GROUP LTD AND ANOR HC AK CIV 2007-404-1089
- Citation
- openlaw-e07e9da9_b123_4edb_983a_439d61a9697d.pdf
- Court
- High Court
No award of remuneration by quantum meruit or other equitable principle could be made to Mr Marriott as a director because WAVL's articles and Companies Act 1993 s161 require board/constitutional authorisation; trustee remuneration jurisdiction exists but was not properly established on the evidence and credibility findings; therefore declare Mr Marriott holds no shares in own name, award WAVL recoverable debt of $40,000 plus interest, dismiss remuneration claims, and declare no liability for the Lombard transaction.