26 Feb 2021
ASI GLOBAL INVESTMENTS INC v YOUSEF [2021] NZHC 288
- Citation
- [2021] NZHC 288
- Court
- High Court
The charging order remains in force because ASI has an arguable case that the respondent transferred company assets and remains a creditor-defendant in foreign proceedings, the respondent is actively considering disposal (sale or harvesting) of the forestry block/harvesting rights which would significantly increase the risk of ASI being unable to satisfy any judgment, and the matters not disclosed on the without-notice application would not have altered the Judge's view under r 17.41; accordingly r 17.41(a) is satisfied.