Making up the shortfall: Subcontractor awarded an interim injunction requiring head contractor to hold its retentions in a separate trust account

In a recent High Court decision,[1] Hanlon Plumbing Limited (Hanlon) successfully obtained an interim injunction on a without notice basis requiring Downey Construction Limited (Downey) to pay retention funds into a separate trust account pending determination of Hanlon’s claim.

Filed under:
New Zealand, Construction, Insolvency & Restructuring, Litigation, Hesketh Henry
Authors:
Glen Holm-Hansen , Emily Woods
Location:
New Zealand
Firm:
Hesketh Henry