Court of Appeal Wellington
CA476/2016; [2017] NZCA 496
10 October; 1 November 2017
Gilbert, Venning and Wylie JJ
CA476/2016; [2017] NZCA 496
10 October; 1 November 2017
Gilbert, Venning and Wylie JJ
Company law — Constitution — Shares — Whether parties bound by expert’s assessment of fair value of shares — Whether expert assessment in accordance with company’s constitution — Whether appropriate to imply further conditions into the constitution — Whether issue of minority discount wrongly delegated to solicitors by expert — Whether fair value for purposes of Companies Act 1993 — Whether appellant entitled to set-off for difference in value fixed by expert and value set by Court — Companies Act 1993, s 149.
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