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The court upheld a settlement agreement and share transfer, rejected claims of economic duress, and dismissed the plaintiff’s suit while granting the counterclaim in part.
The High Court dismissed the plaintiff’s challenge to a settlement deed and share transfer, upheld the 2nd defendant’s counterclaim for interference, and awarded general damages.
The Settlement Agreement and share transfer were voluntarily executed and are valid and enforceable. No evidence of duress or illegality was proved to the requisite standard. The 1st Defendant paid for his shares. The Plaintiff interfered with the Second Defendant's business, entitling the Second Defendant to general damages, declaration, injunction, and costs.
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