25 Aug 2014
ROSEBUD CORPORATE TRUSTEE LIMITED v BUBLITZ & ORS [2014] NZHC 2018
- Citation
- [2014] NZHC 2018
- Court
- High Court
The trust was a sham and void ab initio and Nielsen contracted in his personal capacity; any rights Nielsen had or acquired under the Hunter Sterling agreement vested in the Official Assignee on adjudication, so Nielsen had nothing capable of valid assignment to Rosebud and Rosebud therefore had no standing to sue under the buyout agreement.