2 Oct 2020
OFFICIAL ASSIGNEE v YARROW [2020] NZHC 2594
- Citation
- [2020] NZHC 2594
- Court
- High Court
The Court found the Official Assignee demonstrated a good arguable case that the challenged dispositions were dispositions of Yarrow's property and either prejudiced creditors or were insolvent gifts within the statutory period; the current trustees held identifiable assets including the Property and shares; there was a real risk of removal or dissipation given the conduct and non‑disclosure; balancing convenience favoured preservation of assets; accordingly a without‑notice freezing order was justified (with specified duration and notice) and the Court dispensed with the undertaking as to da…