4 Jun 2021
JIANG v LIU [2021] NZHC 1313
- Citation
- [2021] NZHC 1313
- Court
- High Court
Clause 5 of the separation agreement created a clear contractual obligation for the first defendant to account for the plaintiff's 27.5% beneficial interest in L & G Kingsland Limited; damages were inadequate and the court therefore ordered specific performance by way of a court-approved valuation as at the date of judgment, payment of the cash equivalent into the plaintiff's solicitor trust account and transfer of the plaintiff's one share to the first defendant subject to the specified disclosure and timing directions.