Armani v Armani - [2022] 2 NZLR 547

Trusts — Appointment of receiver — Interlocutory application — Multiple trusts and associated corporate entities — Breakdown in business and de facto relationships — Inherent jurisdiction of Court to appoint receiver — Appointment under Trusts Act — Standing to seek appointment of receiver — Whether appointment of receiver “reasonably necessary” — Whether just and equitable — Deadlock — Mismanagement and ability to prudently manage assets — Conflict of interest — Whether Court should exercise discretion to appoint receiver — Undertaking as to damages — Trustee Act 1956.