Justice John Fogarty ordered that the US$25 million payment was to be paid in New Zealand dollars to Kidd within a month
An account has also been ordered between the former business partners - which prevents the matter from going to trial - to determine the total amount due, which could be up to US$50 million.
Mr van Herren was also ordered to pay Mr Kidd's court costs.
Mr van Herren is widely acknowledged as the owner of Huka Lodge, a luxury resort which has hosted the likes of the Queen, Bill Gates and Pink Floyd.
When Mr van Heeren arranged the purchase of the lodge in 1984, he nominated a company he set up called Worldwide Leisure to take the title.
Worldwide Leisure's main shareholder is a Dutch company called Saraceno Holdings, which the Overseas Investment Commission in 2005 said was to hold shares in the lodge "as bare trustee" for van Heeren.
Mr Kidd lodged a caveat over Huka Lodge's title in February 2014, claiming a beneficial interest in the land.
The pair worked together in the international steel trade for about 15 years and acquired an empire of assets before parting ways in 1991.