14 Oct 2015
ZHONG MAO INVESTMENT MANAGEMENT LIMITED v OAK TREE MOTEL LIMITED & ANOR [2015] NZHC 2525
- Citation
- [2015] NZHC 2525
- Court
- High Court
Relief against cancellation was denied because OTM was insolvent and there was no high degree of certainty that the rent arrears and costs would be paid (no credible evidence of funds or bank support and no realistic, agreed assignment/ sale); accordingly the court granted cancellation and possession and ordered payment of assessed arrears with interest.
- Forfeiture of lease
- Relief against cancellation (s251 pla 2007)
- Rent arrears
- Insurance and repair obligations under lease
- Assignment of lease
- Misleading or deceptive conduct / fair trading act