18 Aug 2014
Leave to appeal was granted because the Court identified unresolved legal questions—timing of the causes of action, whether the claim is founded on deeds or another legal basis, and whether the claim is equitable and not subject to statutory limitation—that require further consideration; costs reserved.
11 Aug 2014
Section 87(1) must be read broadly: a sum need not be ascertained or readily ascertainable to constitute a "debt or damages" under the provision; exercise of the pre‑emptive right on 26 April 2006 gave rise to a cause of action to recover the market value of the B units and shares, so Potter J properly had jurisdiction and discretion under s 87(1) to award interest from that date; the High Court interest order was reinstated and the Court of Appeal costs order set aside.