17 Mar 2015
M BANNOCK, A BANNOCK & OXFORD STREET TRUSTEES (2010) LTD as trustees of the BANNOCK FAMILY TRUST & ORS v MONACO MANAGEMENT LTD [2015] NZHC 502
- Citation
- [2015] NZHC 502
- Court
- High Court
The Court found there is a real issue as to whether certain blocks (Summerhouse and Orchard) were operated as pooled businesses and therefore whether the rights are participatory securities; accordingly the first and third defendants must give further targeted discovery (including documents evidencing any authority by owners to pool, and a representative 12‑month tranche of booking, income, deduction and profit‑division records for Summerhouse) to enable forensic accounting analysis; further sample discovery for other units may be ordered after that analysis; the application is adjourned pend…