Another Cathedral Judgment

In a judgment 5 August 2015 in Church Property Trustees v Attorney General & Anor [2015] NZHC 1843 the High Court (Dunningham J) discussed the consequences of the breach of trust by the CPT in spending $4.7M of the insurance proceeds for the Cathedral on the cardboard cathedral in Latimer Square.  CPT had recently transferred funds to cover the payment, so there was no need for any orders against it.  The Court decided that the payment for Cathedral contents was not required to be used for the Cathedral only.  It also decided that the CPT was not in breach of its obligations by failing to insure the Cathedral for replacement cost.