24 Sept 2013
GREYMOUTH HOLDINGS LTD v R M P DUNPHY [2013] NZHC 2497
- Citation
- [2013] NZHC 2497
- Court
- High Court
The Court refused an open-market/IPO sale and most ancillary sale-process orders and instead ordered that the Sturgess interests must sell their shares at the fair market value to be determined by the existing arbitration, fixed the valuation date as the date of the arbitration hearing, entered judgment for unpaid management fees and interest in favour of John Sturgess & Associates Ltd, ordered damages claimed by Greymouth Petroleum Holdings Ltd against JSAL and J G Sturgess to be assessed by enquiry, and made limited interim governance orders (director replacement and suspension of pre-empti…