22 Nov 2023
FCT TRUSTEE LTD v MEREDITH [2023] NZHC 3318
- Citation
- [2023] NZHC 3318
- Court
- High Court
The Court dismissed the application because it lacked jurisdiction and basis to substantially rewrite the Settlement Agreement appended to the Tomlin Order: the Agreement is a commercial contract interpreted by ordinary contractual principles, the applicant failed to establish illegitimate pressure/duress sufficient to void or vary the agreement, procedural routes pursued were inappropriate for setting aside contractual terms, and the liquidation of the former corporate trustee raised creditor and indemnity rights that preclude the relief sought. Additionally, a corporate trustee must be repr…