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NZ resident being chased for US$32m fights freezing order

A freezing order was earlier this year sought against alleged couple linked to country’s biggest apartment project.

‘Lakeside Lane’ Rose Garden Development plans.

Key points
  • What’s at stake: An alleged US$32m claimed by a Hong Kong company against a New Zealand resident.
  • Background: The company claims Xiangming Zhan made an agreement in 2002 but then left China, with the company only learning he had relocated to NZ in mid-2021.
  • Main players: Justice Mary Peters, Xiangming Zhan, Hongjun Yang, Gracewood International, the Rose Garden apartment block in Albany, Auckland.

A person being chased in New Zealand by a Hong Kong petroleum product distributor for US$32 million has failed in their bid to have a local freezing order overturned.

Earlier this year, Justice Mary Peters granted a freezing order against Xiangming Zhan following a hearing in the High Court at

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Key points
  • What’s at stake: An alleged US$32m claimed by a Hong Kong company against a New Zealand resident.
  • Background: The company claims Xiangming Zhan made an agreement in 2002 but then left China, with the company only learning he had relocated to NZ in mid-2021.
  • Main players: Justice Mary Peters, Xiangming Zhan, Hongjun Yang, Gracewood International, the Rose Garden apartment block in Albany, Auckland.
NZ resident being chased for US$32m fights freezing order
Law,
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