New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Forced sale/purchase of share
  • 17 Jul 2018

    CLARKE v MCALISTER [2018] NZHC 1749

    Citation
    [2018] NZHC 1749
    Court
    High Court

    Summary judgment was appropriate because the defendant had no reasonably arguable defence that required trial; the Court may take into account the plaintiff's historical payments (including rates and insurance) as contributions to maintenance under s 342(e) and/or compensation under s 343; having regard to the agreed market valuation and the plaintiff's disproportionate use of the property, the proper fair and reasonable purchase price for the defendant's half interest is fixed at $15,000 and the plaintiff is ordered to purchase the defendant's half interest under s 339(1)(c).