Collinge v Kyd - [2005] 1 NZLR 847

Trusts and trustees — Conflict of interest — Trustee holding bonds as trustee of other trusts — Whether created conflict of interest — Significance of recent divestment — Whether interest “material interest”.

Practice and procedure — Remedies — Claim of conflict of interest on part of trustee — Chairperson of trustees empowered by trust deed to rule on conflict of interest — Whether appropriate for Court to grant declaration relating to conflict of interest — Whether appropriate for Court to make order allowing divestment potentially in breach of insider trading laws.