IN THE HIGH COURT OF NEW ZEALAND AUCKLAND REGISTRY
CIV-2016-404-138 [2016] NZHC 3080
UNDER the Companies Act 1993 IN THE MATTER
of the liquidation of Hagfish NZ Ltd (In
Liquidation)BETWEEN
COLIN DAVID OWENS AND DAVID STUART VANCE AS LIQUIDATORS OF HAGFISH NZ LTD (IN LIQUIDATION) Plaintiffs
AND
PETER COLEMAN First Defendant
PETER COLEMAN and TRUST MANAGEMENT SERVICES LTD as trustees of The Hunua Holdings Trust Second Defendants
Hearing: (On the papers) Counsel:
J Sumner for Plaintiffs
Judgment:
15 December 2016
JUDGMENT (NO.2) OF BREWER J
Solicitors: Ford Sumner (Wellington) for Plaintiffs
OWENS AND VANCE v COLEMAN [2016] NZHC 3080 [15 December 2016]
Introduction
[1] The plaintiffs, as liquidators of Hagfish NZ Ltd, seek judgment by default on the claim set out in their amended statement of claim dated 12 July 2016.
[2] A formal proof hearing was convened on 8 September 2016. I adjourned it part-heard for the reasons set out in my Judgment delivered on 4 November 2016.1
[3] In my Judgment, I determined a number of the causes of action and gave directions as to the determination of the remaining causes of action.
[4] I have now received a memorandum of counsel for the plaintiffs dated
11 November 2016. In it, counsel advises that the plaintiffs will take no further steps and request me to deliver a final Judgment in accordance with the findings made in my earlier Judgment.
[5] I do not need to repeat orders made in my Judgment of 4 November 2016. However, it will be convenient to have all of the orders recorded in one place.
[6] The following are my findings as made in my Judgment of 4 November
2016:
(a) On the first cause of action, a finding for the plaintiffs in the sum of
$51,886.59.
(b)On the second and third causes of action, a finding for the plaintiffs in the sum of $86,575.
(c) On the sixth cause of action, a finding for the plaintiffs in the sum of
$243,555.75
[7] I make the following additional orders:
(a) I award interest to the plaintiffs of $14,443.08 being interest at the Judicature Act 1908 rate of 5 per cent per annum from the date of filing the statement of claim to the date of judgment (2 February 2016
– 4 November 2016) being $52.33 per day for 276 days.
(b)I award the plaintiffs solicitors costs on a 2B basis of $28,432.50 (in accordance with Schedule A to the memorandum of counsel dated
11 November 2016).
(c) I award disbursements to the plaintiffs of $607 (in accordance with the said Schedule A and the receipts provided).
[8] The plaintiffs may seal the certificate of judgment in the form filed with the memorandum of counsel.
[9] The remaining causes of action in the amended statement of claim are deemed abandoned and are dismissed accordingly. This proceeding is now at an
end.
Brewer J
- AGLC
- Owens v Coleman [2016] NZHC 3080
- Case
- [2016] NZHC 3080
- Decision Date
CaseChat Overview and Summary
The court had to decide several legal issues, including whether the defendants breached their fiduciary duties, whether the plaintiffs were entitled to recover damages for unjust enrichment, and the quantum of damages, if any, owed by the defendants to the plaintiffs. The court also needed to determine whether the remaining causes of action in the amended statement of claim should be abandoned or proceeded with.
The court found in favour of the plaintiffs on several counts, awarding them damages for breaches of fiduciary duties, unjust enrichment, and other claims. The court ordered Peter Coleman to pay the plaintiffs $51,886.59 for the first cause of action, $86,575 for the second and third causes of action, and $243,555.75 for the sixth cause of action. The court also awarded interest, costs, and disbursements to the plaintiffs. The remaining causes of action were deemed abandoned and dismissed.
The court ordered that the plaintiffs could seal the certificate of judgment in the form filed with the memorandum of counsel. The case was now at an end. The final orders of the court were that the plaintiffs were awarded damages and costs as specified in the judgment, and the remaining causes of action were dismissed.
Orders
Orders of the court
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Background
Background to the litigation
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Evidence
Evidence Before The Court
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Decision
Reasons for decision
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Ratio Decidendi
Legal Principle Established
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