24 Nov 2017
STACEY v WATSON [2017] NZCA 542
- Citation
- [2017] NZCA 542
- Court
- Court of Appeal
No fiduciary duty arose on these facts given equality of parties, corporate structure, mutual participation in negotiations and absence of vulnerability; nondisclosure of salary and inclusion of a buy‑back clause did not affect the purchase price or constitute oppressive conduct under s 174; the appellant's losses were not attributable to respondent misconduct; appeal dismissed.