30 Apr 2014
ALBRECHTSEN v ALBRECHTSEN [2014] NZHC 872
- Citation
- [2014] NZHC 872
- Court
- High Court
The court removed the existing trustees and appointed Holland Beckett (Albrechtsen) Trustee Limited as sole trustee under s 51(1) Trustee Act 1956, vested the Trust's one-third property interest in that trustee under s 52(1)(a), and in the exercise of its inherent jurisdiction vested the power to appoint and remove trustees solely in the new trustee because the parties could not act unanimously and might use appointment powers to defeat the agreed management of the Trust; the application to set aside the sealed and executed consent orders was dismissed because such orders are perfected and no…