A “subject to directors’ approval” clause in an agreement by a company to purchase a property has been considered by the Court of Appeal. The Court confirmed the High Court’s observation that this was the first time that interpretation of such a clause had come before a New Zealand court:
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Penny Pepperell for Capital Letter
Tue, 09 Jul 2013
Tue, 09 Jul 2013
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Directors' approval clauses in sale and purchase agreements considered by Court of Appeal
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