Van Heeren appeal dismissed, Court of Appeal orders US$25 mln payment to former business partner

Fri, 19 Aug 2016

By Sophie Boot Aug. 19 (BusinessDesk) - Alex Van Heeren has failed his Court of Appeal bid to overturn a ruling that he pay US$25 million as an interim measure to former business partner Michael Kidd until they can agree on the full amount owed. The issue estoppel, made by Auckland's High Court last April, prevents van Heeren from denying he is in formal partnership with Kidd and that they accumulated assets worldwide, as was found in the South Gauteng High Court of South Africa in 2013. In April this year, van Heeren's lawyers argued for...

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