3 Nov 2015
MULVANEY v DISTINCTIVE DECORATORS LTD [2015] NZHC 2711
- Citation
- [2015] NZHC 2711
- Court
- High Court
Because the parties holding equal 50 percent interests had an irretrievable breakdown of trust and confidence and were in deadlock, and all formal preconditions had been satisfied with no opposition, the just and equitable ground for winding up was made out; appointment of the nominated liquidators and approval of prospective charging rates (subject to later fixing of total remuneration) and an award of costs were appropriate.