9 Mar 2021
LINK TECHNOLOGY 2000 LTD v PETERLAND LTD [2021] NZHC 428
- Citation
- [2021] NZHC 428
- Court
- High Court
The application was dismissed because the applicant failed the statutory threshold: he did not demonstrate he was a person suffering loss or damage from the Assignee's disclaimer (the primary causes of action were company-only choses in action and thus did not injure him personally) and his sole personal cause (patent claim) lacked merit; accordingly no vesting order under s119 was made and, alternatively, vesting would have been unfair given delay and lack of demonstrated funding.