Warnocks (1992) Ltd v Queensgate Centre Ltd - [1993] 2 NZLR 236

Property law — Lease — Relief against forfeiture — Lease prohibited assignment or subletting or change in the beneficial ownership of the principal shareholding of the lessee — Lease entitled the lessor to re-enter and determine the lease in the event of liquidation or receivership of the lessee — Lessee went into receivership and then liquidation — Lessee's receiver restructured the lessee, incorporating a subsidiary — Lessee's receiver assigned the lease to the subsidiary — Jurisdiction to grant relief against the exercise by the lessor of a right of re-entry or forfeiture under the lease — Circumstances in which relief against re-entry or forfeiture will be granted — Property Law Act 1952, s 118.