EF v UM [2021] NZDT 1694 (8 October 2021) [pdf, 115 KB]
...2019, EF and UM signed an Agreement to Purchase. The header page named “[Company 1] or nominee company” and “EF or nominee” as the parties. The agreement set out “action steps” for EF to acquire a 33.33% interest in a company yet to be formed, referred to as [Company 1], which was to be a 50/50 joint venture partner in an existing company, [Company 2]. 2. The agreed consideration was $100,000.00, which EF was to pay in instalments. A deposit of $20,000.00 was payable as soon...