14 Feb 2022
A, B and C v D and E LIMITED AS TRUSTEES OF THE Z TRUST [2022] NZHC 172
- Citation
- [2022] NZHC 172
- Court
- High Court
The Court held the constructive trust was institutional and therefore arose and was effective from the date the Z Trust received the property; distributions made after that date are invalid and cannot stand; trustees are not entitled to indemnity for their costs from the Trust fund in these hostile private trust proceedings.