2 Oct 2015
KEA TRUST CO LTD v PUGACHEV [2015] NZHC 2412
- Citation
- [2015] NZHC 2412
- Court
- High Court
The court held the removal instruments validly removed the original trustees; there was no evidence the Protector exercised the removal power for an improper purpose or in breach of fiduciary obligations, and the original trustees must transfer assets to replacement trustees once the Chancery Court varies the worldwide freezing order to permit transfer.