29 May 2015
ANTONIOU v KLS INTERNATIONAL FINANCE LIMITED [2015] NZHC 1195
- Citation
- [2015] NZHC 1195
- Court
- High Court
The stay application was dismissed because, on balance, the New Zealand proceeding was not an abuse of process: the causes of action and relief in New Zealand and Cyprus differ, the High Court has exclusive and immediate jurisdiction to rectify the New Zealand share register, public interest in accurate registers weighs strongly against a stay, the New Zealand proceeding is capable of prompt resolution and duplication concerns do not justify a stay in all circumstances.