27 Feb 2023
GRACEWOOD INTERNATIONAL LTD v ZHAN [2023] NZHC 307
- Citation
- [2023] NZHC 307
- Court
- High Court
The Court granted freezing and ancillary orders against the first respondent because Gracewood demonstrated a good arguable case on its Hong Kong guarantee claim (including an arguable basis to seek annulment of the bankruptcy adjudication and a contractual clause purporting to preserve liability despite discharge), showed a real connecting link to New Zealand, and established a real risk of dissipation from past conduct and lack of asset disclosure; the balance of convenience favoured preservation and disclosure. The Court declined orders against the second respondent because the evidence di…