X Ltd v Q Ltd [2024] NZDT 261 (14 March 2024) [pdf, 185 KB]
...given to any claim to the costs of defending the matter, given that in a Tribunal setting these costs are minimal and contain an element of election. 35. However, as the agent is not liable to the company, and the company has not claimed for any defence costs, the indemnity clause has not been triggered. Therefore, for the avoidance of doubt, an order has been made that the Trust is not liable in the circumstances under the indemnity clause. Conclusion 36. After all aspects o...