17 Apr 2014
GREGORY v SIMPSON [2014] NZHC 818
- Citation
- [2014] NZHC 818
- Court
- High Court
Given the irreconcilable breakdown in relations and the necessity for certainty, the Court exercised its s 339/343 discretion to order sale by public auction with specified marketing and procedural safeguards, appointed the plaintiffs' preferred listing agent (Paul Donovan of Barfoot & Thompson subject to Point Chevalier office assistance), fixed a default reserve of NZD 2,300,000 if parties could not agree, and ordered automatic vesting in the defendants or their nominee upon payment of NZD 2,300,000 less adjustments if the property was passed in, thereby securing a minimum cash outcome for…