The Chow brothers will have to pay back more than $100,000 they took out of a joint venture on the same day the High Court restrained them from dealing with or disposing of its assets.
In a decision in the High Court at Wellington last month, Wellington brothel owners Michael and John Chow were restrained from dealing with Portfolio NZ Ltd, a joint venture set up in May between the Chows and architecture firm Flax Design Group.
Flax Design was to pay $123,000 for their share of the venture, but the Chows pulled the plug on the deal after two payments of about $89,000 were made.
The company plans to sue the Chows for almost $1 million in damages.
Flax Design claims the Chows acted in contempt of the High Court's interim injunction by making a payment of $137,000 from Portfolio NZ Ltd to their company, Chow Group Management, on the same day the injunction was made.
