1 Sept 2016
NZ NATURAL THERAPY LTD (IN LIQUIDATION) v LITTLE [2016] NZHC 2585
- Citation
- [2016] NZHC 2585
- Court
- High Court
On the balance of probabilities the company was validly appointed and operated as the corporate trustee of NZ Natural Therapy Trust based on consistent contemporaneous conduct and the opinions/evidence of accountants and insolvency professionals despite absence of formal appointment documentation; consequently the impugned payments were trust distributions and not recoverable by the plaintiffs, so the first cause of action fails.