4 May 2021
RESTAURANT BRANDS LIMITED v QST LIMITED [2021] NZHC 971
- Citation
- [2021] NZHC 971
- Court
- High Court
Leave to appeal was refused because the plaintiff did not demonstrate a strongly arguable error of law; the expert's orthodox interpretation that clause 4.2 requires valuation of a fictional undeveloped freehold block ignoring the sublessor's stratum leasehold was persuasive, the parties had agreed a legal expert and the arbitration process should be respected, and the strength of the challenge did not justify granting leave despite the monetary stakes.