19 Dec 2019
Re Kelly in the matter of HALIFAX NEW ZEALAND LIMITED (IN LIQUIDATION) [2019] NZHC 3434
- Citation
- [2019] NZHC 3434
- Court
- High Court
The Court will permit reasonable remuneration, costs and disbursements of the liquidators and trustees to be paid from trust property and specified company accounts where the work is substantially connected to administering the trust assets, apportionment is impractical, and reimbursement is just and reasonable under Trustee Act s38(2), s72 and the Court's inherent jurisdiction.