Wikiriwhi v Walters - Oruanui 9 Block and Part Oruanui 10 Block, Lot 1 Deposited Plan 471989 and Lot 2 Deposited Plan 471989 (2020) 232 Waiariki MB 212 (232 WAR 212) [pdf, 382 KB]
...which that person may be interested or concerned other than as a trustee of another trust. [55] In Fenwick v Naera, the Supreme Court considered the principles relating to conflicts of interest and s 227A:25 [61] … We agree with the Court of Appeal that all trustees participating in decision making must “bring to bear a mind unclouded by any contrary interest”. Nor is it an answer that their fellow trustees all supported the transaction. Section 227A provides that a conflic...