21 May 2014
WT TRUSTEE COMPANY LTD v CATO [2014] NZHC 1084
- Citation
- [2014] NZHC 1084
- Court
- High Court
The stay was declined because WT delayed initiating substantive relief or offering an undertaking, the balance of convenience favoured the elderly trustees who required sale proceeds to fund retirement accommodation and would be prejudiced by delay, and the trustees could be adequately compensated by damages; consequently a stay pending appeal was refused.