30 May 2019
PISIDIA HOLDINGS LIMITED v DARBY [2019] NZHC 1216 .
- Citation
- [2019] NZFLR 96
- Court
- High Court
Mere directorship, shareholding, or beneficiary status in a trust holding company shares does not confer an interest in the company's land for the purposes of a s 42 notice of claim; there is no reasonably arguable constructive trust on the material, and ss 44/44C/9A operate on shares/value not to give a proprietary interest in company land; accordingly the notices of claim must be removed.