12 Jul 2018
THE CHIEF EXECUTIVE OF LAND INFORMATION NEW ZEALAND v BCH INVESTMENTS LIMITED [2019] NZHC 1630
- Citation
- [2019] NZHC 1630
- Court
- High Court
The agreed starting point of $300,000 was appropriate and within the proper range given the seriousness of the breach, the scale and commercial nature of the acquisition and development, the potential for significant gain (despite no realised gain), and the absence of factors warranting adjustment; consequently the Court approved the agreed orders including payment of costs and a two year divestment requirement.