Hotchin trusts lose bid to strike out asset freeze orders in appeal court

Hotchin trusts lose bid to strike out asset freeze orders in appeal court
By Paul McBeth Aug. 17 (BusinessDesk) - The Court of Appeal has turned down a bid by trusts related to Mark Hotchin's family to throw out claims there wasn't a direct link between the assets held in trust and the family beneficiaries. Justices Mark O'Regan, Terence Arnold and Douglas White dismissed the appeal by KA No 4 Trustee and KA No 3 Trustee, whose assets include Hotchin's incomplete multi-million dollar mansion on Auckland's Paratai Drive, according to a judgment released today. The trusts were seeking to strike out interim preserv...