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Judgement in Paramount Case to be Appealed
18 July 2001
JOINT PRESS RELEASE
Meat Industry
Association
Meat NZ
Judgement in Paramount Case
to be Appealed
In a High Court decision dated 17 July
2001 the New Zealand Meat Board and the Meat Industry
Association have been found liable for damages relating to
the insolvency of Paramount Export Ltd (in receivership and
liquidation) and Ronnick Commodities Ltd (in receivership
and liquidation) following a quota decision in 1996.
The Board and MIA will vigorously defend their position and will be appealing the decision to the Court of Appeal.
ENDS
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