6 Sept 2023
RUSCOE v HOUCHENS [2023] NZHC 2490
- Citation
- [2023] NZHC 2490
- Court
- High Court
Where liquidators act as trustees and demonstrate that proposed realisation of trust assets is reasonable, directly related to administration and distribution of those trust assets, and have provided sufficient accounting and evidence, the Court will grant directions permitting conversion of cryptocurrency to meet reasonable costs and expenses of trust administration; unsupported allegations of breach are insufficient to block necessary realisation and distribution.