New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Valuation and distribution
  • 30 Jul 2019

    FREEMAN v DIJKSMA [2019] NZHC 1815 .

    Citation
    [2019] NZHC 1815
    Court
    High Court

    Because the defendant ceased making contributions, did not engage with proceedings and the plaintiff would suffer continuing hardship and be locked into dysfunctional co-ownership, the Court exercised its discretion under ss339 and 342 to order that the plaintiff buy the defendant's half-share at a fair price fixed at $510,000 and directed the method of distribution and payment of costs to the plaintiff.