New Zealand Case Law: Decisions & Judgments | LexChat

New Zealand Case Law

Reimbursement of trustees
  • 5 May 2023

    KINNON v HONG [2023] NZHC 1052

    Citation
    [2023] NZHC 1052
    Court
    High Court

    The counterclaims by Mr Hong are dismissed: the perjury claim is barred by witness immunity for Tribunal evidence; the evidence does not establish that Mr Hong made a loan or advance to the trustees/beneficiaries giving rise to equitable fraud or priority repayment (payments were largely accounting for occupation/use and not loans, except for a single $50,000 payment); and relief seeking declarations as to ownership and caveat on the counterclaim would be abusive/duplicative of the trustees' pending claim; costs awarded in the court's preliminary view against Mr Hong.