Supreme Court DECISION RESERVED
Amount of claim
Decision was reserved by Mr Justice Wilson in the Supreme Court yesterday on the amount to be awarded to the Canterbury Frozen Meat Company, Ltd, on its claim for $26,609 against the Waitaki Farmers Freezing Company, Ltd, for expenses incurred in resisting a takeover bid in 1968 and 1969.
Messrs P. T. Mahon, Q.C., and A. J. Forbes appeared for the plaintiff and Messrs J. T. Eichelbaum and B. S. Travis, both of Wellington, for the defendant.
The hearing began on Monday. His Honour has ruled that the plaintiff is entitled to recover from the defendant more than just the expenses incurred in meeting its statutory obligations under the Companies Amendment Act, 1963. The defendant contended that it was bound, under the act, to pay only the “expenses properly incurred” by the plaintiff in meeting its statutory obligations.
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Bibliographic details
Press, Volume CXI, Issue 32774, 26 November 1971, Page 6
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145Supreme Court DECISION RESERVED Press, Volume CXI, Issue 32774, 26 November 1971, Page 6
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