12 Nov 2020
PRIVATE ACCOUNTING TRUSTEE LTD v FLAVELL [2020] NZHC 2945
- Citation
- [2020] NZHC 2945
- Court
- High Court
Summary judgment dismissed because material factual issues and ambiguities remain regarding whether the Deed created a new, standalone personal obligation on Mr Flavell or merely recorded pre-existing entity-level arrangements; the original informal loan agreements form part of the factual matrix and require fuller evidence and cross-examination at a substantive hearing before liability and valuation issues (including profit-sharing and Ecobiotics share value) can be resolved.