Quote:
In May 2019 the Court of Appeal overturned the High Court decision to remove historic covenants.
“This is really just the next step in the process as we continue to progress all our options,” says Synlait’s CEO, Leon Clement.
“We are also still in continued conversations with all parties and we remain confident of a positive outcome,” he says.
Synlait’s has reiterated that the plans for the Pokeno site haven’t changed.
“We will continue to work towards the existing project timetable including the build, commissioning and production,” says Mr Clement.
This is a very bold statement. I would be very surprised if the aggrieved parties did not seek an urgent injunction to stop development work and production from the site pending the Supreme court ruling. I think this statement would be like a red rag to a bull if I was one of the aggrieved parties.