16 Sept 2022
CSR POKENO LTD v YES INVESTMENT NZ LTD [2022] NZHC 2378
- Citation
- [2022] NZHC 2378
- Court
- High Court
Although CSR raised serious questions for trial about the call option's construction and potential penalty or CCCFA relief, the balance of convenience favoured YINZ: damages were adequate, an injunction would rewrite the parties' bargain and cause irremediable prejudice to YINZ who provided majority capital; accordingly interim injunction was declined and consent interim orders discharged.