10 Nov 2023
DU VAL CAPITAL PARTNERS LIMITED v INVSTA LIMITED [2023] NZHC 3164
- Citation
- [2023] NZHC 3164
- Court
- High Court
Invsta failed to displace the presumption that it should pay costs after withdrawing the statutory demand; there was a substantial and genuine contractual dispute (including termination and liability for fees) that made the statutory demand inappropriate and the dispute should have been pursued by the contractual dispute resolution procedure or negotiation; accordingly Invsta must pay costs on a 2B basis and disbursements as claimed.