17 May 2023
VIRANDA PARTNERS LIMITED v GUEST [2023] NZHC 1185
- Citation
- [2023] NZHC 1185
- Court
- High Court
Leave to appeal was declined because the applicant failed to identify any reasonably arguable error of law or fact in the associate judge's decision. The judge correctly applied the s165 threshold: VPL had a meritorious claim, no independent funding, and dysfunctional director/shareholder relations made it in VPL's interests for Veritas' informal funding and control of conduct to be formalised. Evidence supported the conclusion a formal funding proposal would have been pointless and Veritas had no incentive to run the proceedings contrary to VPL's interests; the shareholders' agreement disput…