16 Jul 2019
LLOYD AND NEVILL v PANGANI PROPERTIES LTD [2019] NZCA 314
- Citation
- [2019] NZCA 314
- Court
- Court of Appeal
Court of Appeal held the correct measure of damages for the appellants' breach was the value of the lost opportunity to retain, develop and lease the property (not merely any undervalue on sale), upheld the High Court's method and 80% loss-of-chance assessment, rejected the appellants' substantive challenges to the quantum, but found it wrong in principle for the High Court to award the full $100,000 of costs incurred in disciplinary proceedings and reduced that element to $38,260.