23 Sept 2020
RE SINGH [2020] NZHC 2479
- Citation
- [2020] NZHC 2479
- Court
- High Court
Given the imminent trial (six months), modest interest of the dissenting beneficiary (10–25%), majority of known beneficiaries supporting retention, risk of disruption to occupants and tenants, caveats lodged by a beneficiary impeding sale, costs and uncertainty of appointing a manager, and the unsuitability of s66 to resolve contested factual issues, the proper course was to direct trustees to preserve the status quo and hold trust property on existing terms pending trial and judgment, with liberty to apply if circumstances materially change.