5 Apr 2016
SAMY TRUSTEE LIMITED v PAUANUI DREAM ESTATE LIMITED [2016] NZHC 569
- Citation
- [2016] NZHC 569
- Court
- High Court
The MOA and addendum were binding on their express terms, STL performed by paying the agreed sums, the defendants' contention that the obligations were conditional on a future shareholders' agreement contradicted the written agreements, and accordingly the Court rectified the register, declared STL's and PPI Trust's entitlements and granted ancillary equitable relief and compensation under s91.