22 Apr 2021
PROMINENT INVESTMENTS LIMITED v QUEST APARTMENT HOTELS (NZ) LIMITED [2021] NZHC 862
- Citation
- [2021] NZHC 862
- Court
- High Court
The Court found there was a serious question to be tried on whether Quest was entitled to refuse renewal of the five-year franchise term; the balance of convenience favored preserving the status quo because contractual damages were likely inadequate given the damages cap, and accordingly granted an interim injunction restraining Quest from terminating the franchise agreement, conditional on personal guarantees, while leaving the issue of staying proceedings for dispute resolution to further submissions.