29 Nov 2021
ESCROW HOLDINGS FORTY-ONE LTD v HEARTLAND BANK LTD [2021] NZHC 3227
- Citation
- [2021] NZHC 3227
- Court
- High Court
The clause in the Deed requiring louvre installations was too uncertain as drafted (no adequate specification of type, dimensions, fixation or extent) and the post-execution 'fixed louvre' agreement was not a binding variation of the four-party deed; accordingly the Deed term was unenforceable. Independently, Escrow failed to prove causation or quantifiable loss because its redevelopment plans were unrealistic/not shown likely to obtain consent and effective low-cost design mitigations existed; claim dismissed.