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Law
4 mins to read

High Court dismisses US bank’s plea in hidden millions case

Pacific Premier barred from enforcing California court judgment against Cook Islands trust.

Reweti Kohere Wed, 02 Sep 2020

The New Zealand High Court has ruled its California counterpart is best placed to cure an allegedly defective judgment worth $US3.2 million, barring a US bank from enforcing it here against trusts wrapped up with Paradise Papers' target AsiaCiti.

Auckland judge Gerard van Bohemen ruled he lacked

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Reweti Kohere Wed, 02 Sep 2020
Contact the Writer: reweti@nbr.co.nz
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Tags
Law & Courts foreign trusts Asiaciti Cook Islands AsiaTrust
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