PARTIES/LEGAL REPRESENTATION/ TYPE OF DISPUTE The inquiry was with regard to the selling price of…
JURISDICTION -Did not go to court (potential Tribunal/Supreme Court)
PARTIES/LEGAL REPRESENTATION/ TYPE OF DISPUTE
Major A-REIT/high profile former Olympian, both represented by major law firms
INSTRUCTION: from major law firm, for tenant, to assist in calculating quantum, i.e. forensic accounting exercise from business records
DESCRIPTION OF DISPUTE
Unintended misrepresentation
Consequential breach of quiet use
Plus potential damage to personal “brand”, beyond lease term
How it was settled
Potential for major claim by one party against the other with adverse publicity, etc
Expert’s report was the sole opinion used by the parties who have settled the dispute without legal representatives. Legal representatives have been used to draw up “settlement contracts”
Confidentially the Respondents national representative complimented the single expert’s report for being extremely through and clear. Losses within lease term $220,000, with loss to personal brand $950,000 outside lease term