21 Jun 2012
NGAI TAI KI TAMAKI TRIBAL TRUST V KARAKA COA CA215/2011
- Citation
- COA CA215/2011
- Court
- Court of Appeal
The Court held the High Court had jurisdiction under s72 and the Court's inherent jurisdiction to order trustee remuneration payable out of Trust property; applying all relevant factors the remuneration fixed for Mr Stevens at $240,653 was just and reasonable after deducting certain professional costs; the Trust was liable for professional expenses incurred (including those after 31 March 2005) because they were reasonably incurred; the costs award to respondents on a 2B basis was confirmed but the sealed quantum was set aside for recalculation.