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A Dunedin builder claiming compensation over the development of the Scenic Circle Dunedin City Hotel has had his case vindicated in the Supreme Court.
Russell Hyslop, who was involved in a partnership with Lindsay Clark to redevelop Cargill House into a hotel in 2002, won a High Court case in 2004, claiming he had been squeezed out of the partnership.
Mr Clark took that case to the Court of Appeal and then to the Supreme Court, in January.
Yesterday Mr Hyslop received news that the appeal had been dismissed. The judgment is understood to entitle Mr Hyslop to a share of the profits in the sale process that led to the hotel development.
The hotel was redeveloped in 2003-04 and was said at the time to be worth $15 million.
Mr Clark, with Mr Hyslop's company, Libra Developments, was involved in Southern Developments, which bought Cargill House, forming a company called Danube Holdings.
Danube Holdings was legally owned by Mr Clark, but was owned for the benefit of the partnership, Mr Hyslop said.
But Mr Clark argued that it was owned for his benefit alone.
- OTAGO DAILY TIMES
