19 Aug 2016
SIEMENS (NZ) LIMITED v STONEHILL TRUSTEE LIMITED [2016] NZHC 1927
- Citation
- [2016] NZHC 1927
- Court
- High Court
The Court continued the interim injunction preventing transfer of the SGT5-400F turbine to GE and ordered a detailed regime permitting GE to uplift, transport and store the turbine within New Zealand under supervised conditions (no internal access by GE except a pre-uplift borescope inspection by an independent contractor and supervised visits), required Siemens to post a NZ$5,000,000 guarantee/bond as security for its undertaking as to damages (with a 36-month expiry subject to renewal), allocated costs between parties (GE and Siemens settled costs; Contact entitled to costs against Siemens…