Ratima v Smith - Te Haroto 2B2B (2018) 70 Takitimu MB 88 (70 TKT 88) [pdf, 500 KB]
...Court. It is also important to underscore that, while the Court can grant such relief, that remedy will not be given lightly.17 [48] In Wong v Burt the Court of Appeal stated:18 In our view, this is not a case where the trustees can claim the protection of s 73 of the Trustee Act 1956. The expression “honestly and reasonably” is conjuctive. It was not merely unreasonable – it was downright foolish – to proceed to implement a scheme of this kind knowing that it could co...