New Zealand - Attachment of Assets
Author(s):
Darise L. Bennington
Page Count:
154 pages
Jurisdictions:
Practice Areas:
Author Detail:
Darise L. Bennington, Bell Gully
Description:
Originally from Attachment of Assets
Preview Page
1. What is the general nature and effect of judicial measures
available for plaintiffs to obtain provisional relief affecting
property of debtors to obtain security for judgments to be
obtained (“attachments”)? Freezing property in place? Placing
it in the custody of a third party, such as a Court official, sheriff
or marshall?
The New Zealand Court system provides a number of judicial
measures that provide applicants (plaintiffs) with provisional relief
against debtors by enabling them to attach a debtor’s property either
before or after judgment.
Pre-Judgment Attachments
A. Preservation Orders
Both the High Court and the District Court have the power at any
stage in any proceeding to make an order detaining, placing into
custody, or preserving any property.1 A preservation order is limited to
preserving the property, or fund, that comprises the subject matter of a
proceeding. The purpose of the order is to ensure that the proceeding
is not rendered nugatory through the loss of part, or all, of the disputed
property before the hearing of the substantive claim.2 In Helicarr
Helicoptours Ltd. v. Watts,3 it was held that the Court had jurisdiction
to make a preservation order whenever there is a dispute about
property. The Court can also order that the fund be paid into Court, or
be otherwise secured.4
A preservation order should not be used to attach property of the
respondent that does not comprise the subject matter of the current