24 Jul 2017
HENRY HO v CHANG AND ORS [2017] NZHC 1717
- Citation
- [2017] NZHC 1717
- Court
- High Court
To preserve the status quo pending the interim injunction hearing, the court must ensure corporate debts can be paid; because the banks refused to operate accounts without a court direction, the court validly ordered the banks to process transfers upon specified written approvals and confirmed the appointment of a neutral decision-maker to determine which debts should be paid; leave was reserved to the banks to apply for directions.