18 Apr 2016
Grimshaw & Co v Body Corporate 207624 [2016] NZHC 715
- Citation
- [2016] NZHC 715
- Court
- High Court
The Court exercised its rule 4.63 jurisdiction to authorise Grimshaw & Co to withdraw the funds held on interest, to pay its costs of $79,650.25 and the Body Corporate's implementation costs of $46,082.02 from the fund, to declare the net settlement funds (principal $20,050,000 plus interest less specified costs), and to direct distribution of 80% to the Body Corporate and 20% to second plaintiffs in accordance with the adjusted unit entitlements and annexed schedule, with specified procedural steps for serving and approving the proposed payments and with Grimshaw discharged from further clai…