24 Jul 2020
RE WIRECARD NZ LTD [2020] NZHC 1804
- Citation
- [2020] NZHC 1804
- Court
- High Court
The Court exercised its discretion to grant without‑notice relief and extended both the convening period under s239AT(3) to 5 October 2020 and the statutory termination period under s239Y(4) to 12 October 2020 for all employees because the administration was international and complex, a sale was being actively pursued which could preserve employment and creditor returns, and sufficient grounds existed under established fact‑specific principles balancing the interests of employees and the objectives of Part 15A; the Court declined to finally determine the legal question on lawfulness of termin…