2 Sept 2016
SCOTT & OTHERS, AS TRUSTEES OF THE BOARD OF PACIFIC TRUST CANTERBURY v PACIFIC TRUST CANTERBURY [2016] NZHC 2076
- Citation
- [2016] NZHC 2076
- Court
- High Court
Given the Trust's demonstrated imminent insolvency, cash shortfall and risk to realisable and confidential client assets, the Court was satisfied under s246 (as applied by s25(4) of the Charitable Trusts Act) that it was necessary or expedient to appoint interim liquidators immediately; the proposed liquidators were not disqualified despite firm connections to creditors and were suitably experienced to act.