20 Jan 2017
LOW HOCK & ORS v ROTHSCHILD TRUST (SCHWEIZ) AG & ORS [2017] NZHC 25
- Citation
- [2017] NZAR 288
- Court
- High Court
The Court exercised its s 51 power to replace the current trustees because it was expedient and necessary to protect trust assets at real risk of forfeiture by default in foreign proceedings, the current trustees were unwilling to act and there was no practical means to effect substitution without court intervention, and the proposed trustees provided satisfactory undertakings to the Court.