20 Mar 2014
C CHAO AND Z PENG v X LI and Y CHEN [2014] NZHC 516
- Citation
- [2014] NZHC 516
- Court
- High Court
Leave to lodge a second caveat was granted because the applicants demonstrated an arguable case that payment created an institutional constructive trust over Mr Li's registered share (giving a present proprietary interest capable of being caveated), the initial caveat's inclusion of the co-owner was excusable, and the balance of convenience and relevant authorities supported granting leave confined to Mr Li's interest.