22 Apr 2016
MCVITTY v WAEWAEPA STATION 2002 LIMITED [2016] NZHC 765
- Citation
- [2016] NZHC 765
- Court
- High Court
The Court was satisfied the application was brought honestly and for proper purposes (to determine whether Waewaepa had been financially mismanaged and to enable shareholders to decide protective measures), the nominated auditor(s) were proper persons, and an audit covering financial years ending 30 June 2012–2015 together with a stock reconciliation in June 2016 was appropriate to resolve the deadlock and assist shareholders; accordingly Grant Thornton was appointed to conduct the audits and stock reconciliation.