Cheah v Equiticorp Finance Group Ltd - [1992] 1 NZLR 641

Company law — Shares — Successive mortgages of same shares — Priority between mortgagees — Whether mortgagees can alter priority of mortgage — Whether consent of mortgagor necessary to variation of priority between mortgagees — Whether mortgagor released from personal covenant if not consulted in relation to variation — High Court Rules, R 544.

Property law — Mortgage — Successive mortgages of same shares — Priority between mortgagees — Whether mortgagees can alter priority of mortgage — Whether consent of mortgagor necessary to variation of priority between mortgagees — Whether mortgagor released from personal covenant if not consulted in relation to variation — High Court Rules, R 544.