20 Feb 2014
HEARTLAND SEVEN INVESTMENTS LTD v WAHAROA INDUSTRIAL PARK LTD [2014] NZHC 202 [19 February 2014]
- Citation
- [2014] NZHC 202
- Court
- High Court
There was a serious question to be tried whether the Letter of Understanding constrained Participants from selling shares and whether it implied a limited restriction on voting with respect to transactions within paragraph (b); on the balance of convenience and overall justice the Court must preserve the post-agreement status quo, so interim relief was warranted to (1) restrain Icepak from registering the 200,000 share transfers to GIL and ISL, (2) freeze the exercise of votes attached to those 200,000 shares, and (3) restrain WIPL from voting its remaining 200,000 shares against a unanimous…