Hawaii Supreme Court
Hawaii Ventures, LLC, Plaintiff-Appellant/cross-Appellee v. Otaka, Inc.; Takao Building Co., Ltd., Formerly Known…
May 9, 2007114 Haw. 438
Summary
The opinion addresses consolidated challenges to the administration of a hotel foreclosure receivership, including payments of pre-receivership obligations, access to receivership records, and approval of a special master's report. In the portions shown, the court holds that the receiver's payments were within the appointment order when reasonably necessary to preserve or operate the hotel, and that the circuit court did not abuse its discretion in approving those payments, denying an independent audit, or adopting the special master's recommendations. The text is truncated before the complete disposition and resolution of all issues.