8 May 2018
GTV HOLDINGS LTD v HARRIS AND JONES AS TRUSTEES OF THE DELARGEY TRUST [2018] NZCA 95
- Citation
- [2018] NZCA 95
- Court
- Court of Appeal
The HC2 Adjustment was not triggered: 'under the PAA' requires licences to be not materially inconsistent with the PAA rather than literal compliance; 'full price' was satisfied because Seven paid the per‑episode market price and immaterial variations (a four‑year term or timing differences) did not negate full price; consequently the HC2 Licence did not breach caretaker or information warranties and the deferred payment remains payable (quantum remitted to High Court).