16 Mar 2022
TATA v ABRAMS [2022] NZHC 479
- Citation
- [2022] NZHC 479
- Court
- High Court
Interpleader relief was declined because there was no realistic expectation of two or more competing claims to the same fund; the firm was justified in withholding the estate funds given legitimate concerns (executor capacity, sale at undervalue, AML non-compliance) but should have sought directions under trust law rather than pursue interpleader; the firm is nevertheless entitled to scale costs limited to its protective steps up to 1 December 2021, payable from the estate.