19 Mar 2018
COMMISSIONER OF POLICE v MARWOOD [2018] NZHC 458
- Citation
- [2018] NZHC 458
- Court
- High Court
The court balanced the Commissioner's interest in preserving asset value against owners' interests, found depreciation over the likely short interval modest but storage costs significant relative to value, treated delay as broadly neutral given evidentiary history, and therefore ordered sale under s 35(e)(v) while declining to reimburse past storage costs; net proceeds (less reasonable sale costs) to be retained by the Official Assignee on interest-bearing deposit pending the substantive proceeding.