15 Nov 2021
JONES LANG LASALLE LTD v SOFT TECHNOLOGY JR LTD [2021] NZHC 3069
- Citation
- [2021] NZHC 3069
- Court
- High Court
The court held clause 19 indemnity costs were recoverable because the claimed costs were reasonably incurred under the Black v ASB Bank test; s126 did not bar recovery of the claimed costs or interest as it creates a barrier to recovery of commission but does not invalidate the agreement; interest under clause 1.4 is payable; accordingly Soft Tech was ordered to pay indemnity costs of NZD 400,000, disbursements of NZD 42,491 and associated interest, and specified paragraphs of the second judgment remained redacted for commercial sensitivity.