31 Aug 2015
AWS LEGAL SOLICITORS (Hokonui Shearing Ltd) [2015] NZHC 2086
- Citation
- [2015] NZHC 2086
- Court
- High Court
The undertaking was given to secure a commercial adjustment that has not been pursued for over six years; the purpose of the undertaking has been frustrated, potential claimants are effectively statute-barred and one claimant's company has been struck off, no opposition was filed after proper service, and therefore it is equitable and appropriate to discharge AWS Legal from its undertaking and permit release of the trust funds.