21 Aug 2020
DRUMMOND v O’RORKE [2020] NZHC 2123
- Citation
- [2020] NZHC 2123
- Court
- High Court
On an objective construction informed by the contemporaneous Tandem Group calculations and lawyers' correspondence, clause (e) of the consent order meant eight per cent interest to be added to the difference in drawings and that interest was not to be compounded; no interest was awarded on the $208,523 management fee because the fee claim was withdrawn in settlement and there is no contemporaneous evidence it was to attract interest; the existing contingency provision in the Tandem summary (suggested $50,000 holdback) is adequate; admission of relevant settlement correspondence was permitted…