14 Oct 2015
AMERICHIP, INC v DEAN & ANOR [2015] NZHC 2529
- Citation
- [2015] NZHC 2529
- Court
- High Court
Given deliberate non-compliance with disclosure orders, the defendants' non-participation and a real risk of asset dissipation (including large undisclosed withdrawals), the Court must preserve the income-earning potential of the disputed property by appointing receivers and enforce compliance by making unless orders with a fixed short deadline; cross-examination was adjourned as likely futile but leave to reapply was granted; indemnity costs were awarded payable from rental proceeds.