17 Jul 2018
IVANISHVILI v CREDIT SUISSE AG [2018] NZHC 1755
- Citation
- [2018] NZHC 1755
- Court
- High Court
Plaintiffs established bona fide claims against the New Zealand trustee (CSTNZ) such that r6.27(2)(h) is satisfied, but plaintiffs failed to show New Zealand is the appropriate forum for trial of claims against Credit Suisse AG and Lota. Switzerland is the forum with the most real and substantial connection and can provide effective relief; leave to serve would not have been granted under r6.28 and no special circumstances require NZ to retain the Bank and Lota claims. Result: claims against Credit Suisse AG and Lota dismissed; claim against Credit Suisse Trust Ltd stayed and proceedings agai…