5 Jul 2023
YANG SHI v PACIFIC CONSTRUCTION GROUP LTD [2023] NZHC 1729
- Citation
- [2023] NZHC 1729
- Court
- High Court
The court ordered removal of the caveat because the evidence demonstrated the entire net proceeds of sale of the house property would be applied to repay registered secured creditors, so the respondent could have no reasonable expectation of obtaining benefit from continuance of the caveat and the balance of convenience favoured permitting settlement to proceed without further delay.