14 Aug 2020
THE OLIVE PRESS LIMITED v MATAPIRO OLIVES (2008) LIMITED [2020] NZHC 2058
- Citation
- [2020] NZHC 2058
- Court
- High Court
An interim stay and prohibition on advertising was justified because the appeal was genuine and refusal would likely render it nugatory; however the stay would cause material prejudice to the creditor unless secured, so the court granted a conditional interim stay until 4.00 pm on 28 August 2020 provided Matapiro files a financial statement and pays or secures $152,225.01 into the plaintiff's solicitors' trust account or grants a charge over land; the latest statutory demand was excluded from the security requirement as it was not a judgment debt and the related proceeding CIV-2020-435-15 was…