16 Dec 2019
FFP TRUSTEE (NZ) LTD v PENG [2019] NZHC 3301
- Citation
- [2019] NZHC 3301
- Court
- High Court
Court granted leave to proceed by originating application; ordered specific confidential affidavits and exhibits sealed and accessible only by further court order; directed under s 66 that the applicants, as trustees, have the power and had properly formed the view to forfeit the Schedule 2 assets (or proceeds) to the US Government pursuant to the US consent judgments, except in respect of two Viceroy (L'Ermitage) proceedings where a non‑consenting claimant exists and must be served; declined to make a Benjamin/no‑notice distribution order given known and potential claimants, lack of full inf…