8 May 2013
JIGSAW PRESCHOOLS LIMITED V NEW ZEALAND CHILDCARE CENTRES LIMITED HC CHCH CIV 2013-409-000852
- Citation
- openlaw-49558b2f_cf21_4abb_8a58_92ad08429441.pdf
- Court
- High Court
A serious issue to be tried was established that the sale proceeds are arguable subject to a constructive trust in favour of Jigsaw, and on balance of convenience the court preserved the status quo by extending a freezing order for 21 days to allow inspection of the companies' finances and for the defendant to seek uplift on evidence of imminent risk.