27 Oct 2017
MIKE PERO MORTGAGES LIMITED v MIKE PERO [2017] NZHC 2647
- Citation
- [2017] NZHC 2647
- Court
- High Court
Leave under s165 was granted because MPRE did not intend to bring enforcement itself due to director conflict, enforcement had a high likelihood of recovering a substantial part of the judgment, anticipated enforcement costs were low relative to the judgment, and MP Mortgages' interests were sufficiently aligned with MPRE's to act in the company's best interests; reputational risks did not outweigh the company's interest in recovery.