20 Sept 2023
POMEROY v BELASCO [2023] NZHC 2606
- Citation
- [2023] NZHC 2606
- Court
- High Court
Summary judgment was granted because the debt was admitted and undisputed and demand had been made, so the Trust was entitled to judgment for the principal sum and contractual interest. However, having regard to the equities — including the Trust's failure to pursue available security options (mortgage or caveat), the practical source of repayment being the UK property, and the close relationship between the Trust and the beneficiary who appears to be impeding sale — the court exercised its discretion to dismiss the Trust's costs application and order that costs lie where they fall.