Australia, March 20 -- New South Wales Land and Environment Court issued text of the following judgement Feb. 20:
1. On 19 December 2024, I delivered judgment in these proceedings: Teterin v Linrod Pty Ltd [2024] NSWSC 1635 (Principal Judgment). This judgment assumes familiarity with and uses the same defined terms as appear in the Principal Judgment.
2. Although further relief was claimed in the proceedings, only two issues remained for determination in the Principal Judgment:
1) Whether the first defendant (Linrod) should be removed as trustee of the Trust and replaced by an independent trustee; and
2) Whether the third defendant (Norman) has disclaimed any interest, benefit, or entitlement in or under the Trust and ceased to be a ben...