Auckland socialite Sally Ridge's "confusion" and lack of attention to legal details led her to mistakenly believe she personally owned half a business with her former partner Adam Parore, a court heard today.
The pair have been embroiled in a legal battle in the High Court at Auckland this week, with Ms Ridge claiming backpay and unpaid dividends from Small Business Accounting (SBA), a company they formed together.
The business' interests were held in the Parore Family Trust, while property belonging to the couple - who split in 2010 after nine years together - was held in the Sally Ridge Family Trust.
Ms Ridge believed because the trusts were in their names, and the couple had an "equal partnership agreement", that they co-owned the business personally and all profits would be split 50/50, lawyer for the former cricketer, Zane Kennedy said.
This mistaken belief that she was a legal owner of the company was "fatal" to her claims, he argued in closing submissions today.