13 Jun 2019
TRIPLE A TRUSTEES LIMITED [2020] NZHC 1314
- Citation
- [2020] NZHC 1314
- Court
- High Court
The Court exercised its inherent equitable jurisdiction (the Benjamin principle) to grant directions authorising Triple A Trustees Ltd to transfer the Trust's assets to FFP Trustee (NZ) 2 Ltd without personal liability, concluding that the applicant was on notice of circumstances that could give rise to third-party proprietary claims, that it was practically impossible for the trustee to determine the status or merit of such claims, that the UK SFO had been notified and did not oppose the application, and that transferring to a New Zealand registered trustee did not impede third parties' abil…