2 Jun 2009
O'LEARY V O'LEARY HC CHCH CIV-2008-442-000147
- Citation
- openlaw-afa269b5_2491_4f5b_a9f1_d1a0223773e3.pdf
- Court
- High Court
The application for an interim distribution was declined because the equities did not favour the applicant: the trustee's precautionary decision to preserve capital and maintain equality among beneficiaries could not be ruled out as potentially preventing irretrievable prejudice to other beneficiaries, including exposure to costs, and therefore an interim payment would be inappropriate.