1 Nov 2023
SIGNUM HOLDINGS LIMITED v OKUORA HOLDINGS LIMITED [2023] NZHC 3041
- Citation
- [2023] NZHC 3041
- Court
- High Court
The application was dismissed because Signum failed to establish an arguable case of undue influence: there was no sufficient relationship of trust and confidence or evidence of actual undue influence by the director, the DAP formed part of an integrated, negotiated commercial transaction with disclosures and shareholder ratification, and equitable rescission would be impracticable because restitutio in integrum could not be achieved; accordingly there was no substantial dispute as to the debt and the statutory demand stood.