MCK: Copthorne Hotel & Resort Bay of Islands lease update
MILLENNIUM & COPTHORNE HOTELS NEW ZEALAND LIMITED
N Z X A N N O U N C E M E N T 23 April 2021
UPDATE ON INJUNCTION PROCEEDINGS AGAINST WAITANGI NATIONAL
TRUST BOARD IN RELATION TO THE LEASE OF THE COPTHORNE HOTEL &
RESORT BAY OF ISLANDS
Further to its statement on 16 April, MCK can advise that the Waitangi National Trust
Board, through its solicitors, have provided an undertaking to the High Court at
Whangarei that the Trust Board will not take any steps pending agreement between
the parties, an order of the High Court or thirty days after the substantive dispute is
resolved (including any rights of appeal).
Matters relating to the renewal will now be referred to arbitration if they cannot be
resolved by agreement. MCK will not make any further comment until the issue is
resolved or the outcome of the arbitration is known.
-ENDS-
Issued by Millennium & Copthorne Hotels New Zealand Limited
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