New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Joint loan survivorship
  • 12 Dec 2022

    NIVEN v ERON HOLDINGS LTD [2022] NZHC 3344

    Citation
    [2022] NZHC 3344
    Court
    High Court

    The court held the first two questions (beneficiary status of Ruth due to 2019 documents and the entitlement to the joint and Ron's separate loans) raise issues of trust administration falling into the Buckton category warranting a PCO; accordingly Jocelyn and Lynette were granted a PCO in respect of those two questions to lie in court until 10 February 2023 allowing the trustees to bring the application themselves, after which the PCO will take effect if trustees do not. The application for a PCO in respect of the third question (whether Lynette owes AUD 310,000) was dismissed as a self-inte…