25 May 2016
KBL INVESTMENTS LIMITED v KBL COURTENAY LIMITED & ORS [2016] NZCA 227
- Citation
- [2016] NZCA 227
- Court
- Court of Appeal
The Court found any broker fiduciary relationship was short‑lived and ended when the Orakei investor proposal failed; the evidence did not establish deliberate concealment, misuse of confidential information, or an intention to acquire the property for themselves at KBL's expense; there was no established causal loss or oppressive conduct under the CCCFA; accordingly the appeal was dismissed.