5 May 2021
TAYLOR v TAYLOR [2021] NZHC 992
- Citation
- [2021] NZHC 992
- Court
- High Court
Removal of Brett Owen Taylor pursuant to s112 and vesting of the Tuakau property pursuant to s116 was necessary because his failure to engage and the trust's unanimity requirement created an impasse that prevented urgent action to address significant secured and unsecured debts; conditional removal and vesting to the corporate trustee best protects the beneficiaries and enables orderly winding up.