step confrence

step confrence nz 2016

New Zealand Update – The Clayton Case

Ora was fully represented at a STEP conference held in Auckland, New Zealand earlier this year. Of most interest were discussions around the Clayton case, a matrimonial relationship property, which from observations has turned the spotlight on where New Zealand Trust law stands on some fundamental issues, more particularly whether creditors now have wider access to reach into trust assets as result of this case.

The Vaughan Road Property Trust (“the Trust”) was settled by Mr. Clayton in 1999 when he was still married to Mrs.