22 Feb 2023
PAISI JIANG v HIGHRISE APARTMENTS LIMITED [2023] NZHC 249
- Citation
- [2023] NZHC 249
- Court
- High Court
Applicants (Highrise and GL Group) have standing under s143 as persons who wish to register instruments; however the caveator (Jiang) has established a reasonably arguable caveatable interest in the form of an equitable mortgage/charge under the loan and security agreement; given that arguable interest and the risk of prejudice to Jiang, the Court will not exercise its residual discretion to remove the caveats; accordingly the caveats must not lapse.