11 Nov 2016
ALISON TRUST HOLDINGS LTD v NZVIF INVESTMENTS LTD [2016] NZHC 2715
- Citation
- [2016] NZHC 2715
- Court
- High Court
The application for a priority fixture was dismissed because the applicant failed to demonstrate the exceptional circumstances required: the letter agreement did not evidence a paralysing standstill, there was no material evidence the board could not function or that the company's future was at risk, and the proceeding was not ready for trial so priority would unfairly prejudice other litigants.