27 Oct 2005
VOSTOCHNAIA FISHING (NZ) LIMITED V BIKOULOV AND MITSKEVITCH AND ANOR HC AK CIV-2005-404-2171
- Citation
- openlaw-ac8b08ac_9d66_4257_a18f_2af660ffa430.pdf
- Court
- High Court
The court refused to discharge the caveat because the defendants have established an arguable beneficial claim to 13 shares; however, recognising the plaintiff's dominant position (at least 80% ownership), the court ordered the caveat to remain subject to future directions to permit a market sale with the caveat to be discharged on substitution of an appropriate security over 20% of the net sale proceeds and directed procedural steps to manage the litigation efficiently.
- Ship registration
- Caveat
- Beneficial ownership of ship shares
- Trusts and non‑registrable interests
- Sale and security over proceeds