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

Fri, 17 Aug 2012

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...

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