Gulf Harbour Investments Limited v Gulf Corporation Limited

[2005] NZSC 45

IN THE SUPREME COURT OF NEW ZEALAND

SC 35/2005 [2005] NZSC 45

BETWEEN  GULF HARBOUR INVESTMENTS LIMITED

Appellant

ANDGULF CORPORATION LIMITED First Respondent

ANDAUCKLAND PROPERTY GROUP LIMITED

Second Respondent

Court:            Blanchard J and Tipping J

Counsel:         D J White QC and S L Rees-Thomas for Appellant

A G Macdonald and A H J Commons for Respondent

Judgment:      8 July 2005

JUDGMENT OF THE COURT

A.       The application for leave to appeal is granted.

B.The approved ground in terms of Rule 29 is whether the Court of Appeal  was  wrong  to  conclude  that  the  option  had  not  been validly exercised.

Solicitors:

Kensington Swan, Wellington for Appellant

Hornabrook Macdonald Lawyers, Auckland for Respondents

GULF HARBOUR INVESTMENTS LIMITED V GULF CORPORATION LIMITED  And Anor SC SC

35/2005 [8 July 2005]