31 Aug 2023
JIN v LUO [2023] NZHC 2417
- Citation
- [2023] NZHC 2417
- Court
- High Court
On the proved facts the plaintiffs established that W&L directly or indirectly contributed to the purchase, improvement or maintenance of Nicks Way, the Robinson Avenue sections, Seddon Road, Radnor Street and contributed finance/guarantees to Victoria Street such that equity imposes constructive or resulting trusts in favour of W&L in respect of those assets; the presumption of resulting trust for the $50,000 paid toward 12 Knox Street was rebutted on the evidence (it was repayment of an earlier loan), so Jin has no proprietary interest in Knox Street; the sole director (Luo) breached statut…