19 Dec 2014
OKKERSE v AOTEAROA ENTERPRISES LIMITED [2014] NZHC 3317
- Citation
- [2014] NZHC 3317
- Court
- High Court
On the facts the JOFT never had a beneficial entitlement to the 25% shares of the success‑fee derived dividends channelled through Aotearoa; the transfers were made with the knowledge and consent of shareholders, payments were not loans, and therefore there was no unjust detriment under s 174 and it would not be just and equitable to order rectification; application dismissed.