3 Mar 2015
The court awarded defendants costs on a 2B basis of $37,014 and exercised its discretion to increase costs by 100%, resulting in a total award of $74,028, while noting that a separate sum of $41,806 due to the plaintiffs is not part of this costs order.
19 Dec 2014
On the facts the JOFT never had a beneficial entitlement to the 25% shares of the success‑fee derived dividends channelled through Aotearoa; the transfers were made with the knowledge and consent of shareholders, payments were not loans, and therefore there was no unjust detriment under s 174 and it would not be just and equitable to order rectification; application dismissed.
10 Feb 2012
The Court held there was jurisdiction under s174 of the Companies Act to grant interim relief because there was a serious arguable case that the company's affairs were being and likely to be conducted in an unfairly discriminatory manner and that trustee deadlock left the sole director effectively unrestrained; therefore limited, proportionate interim mandatory relief was justified to prevent imminent risk to beneficiaries and preserve the status quo pending full hearing.