2 Mar 2009
COUNTIES MANUKAU PACIFIC TRUST V MANUKAU CITY COUNCIL HC AK CIV 2008-404-003214
- Citation
- openlaw-bd546938_6b31_44d9_b337_a9ba4f51acc7.pdf
- Court
- High Court
The Court held that, on the facts and contractual matrix, the Council owed limited fiduciary duties to the Trust in relation to ensuring compatible use, timeliness of development, registration of land covenants and consultation/marketing for future resale, but it did not owe a fiduciary duty to account net resale proceeds to the Trust nor was a constructive trust imposed over resale proceeds.