8 Dec 2021
MAHASIVAM v THURAISINGHAM [2021] NZHC 3221
- Citation
- [2021] NZHC 3221
- Court
- High Court
On the summary judgment application the Court found there is a reasonably arguable defence that no partnership in substance existed despite the signed 'Partnership Agreement' because of inconsistencies between the document and the parties' conduct (no partnership accounts, no tax/IRD registration, defendant's unilateral purchase of property, differing capital figures, plaintiff's demand for repayment inconsistent with partnership capital treatment), and because disputed factual and credibility issues require a trial; consequently the statutory duty in s 54 and contractual disclosure obligatio…