2 Sept 2022
MATVIN GROUP LIMITED v CROWN FINANCE LIMITED [2022] NZHC 2239
- Citation
- [2022] NZHC 2239
- Court
- High Court
On the facts the parties proceeded from July–October 2013 in a manner consistent with a joint venture: Matvin performed developer due diligence and Crown engaged as funding/profit‑share participant. Crown owed fiduciary duties, breached them by misusing confidential information and enabling Viscount (a CAPG entity with the same director) to acquire 122 Hobsonville Road; Viscount knowingly/dishonestly assisted. Second defendant not shown to be liable. Appropriate remedy is an account of profits; further hearing ordered to quantify profits.