15 Nov 2017
FINDLAY v FINDLAY [2017] NZHC 2797
- Citation
- [2017] NZHC 2797
- Court
- High Court
Court found no divisible relationship property interest in the company/trust structures and rejected claims that the transfers were void for undervalue or that the appointor's exercise was reviewable; however equity required relief: a remedial constructive trust was imposed to reflect plaintiff's significant direct and indirect contributions to the family business and the 'springboard' effect from the relationship, quantified at $500,000, payable by the defendants, with time to arrange payment and enforcement options reserved.