New Zealand Acts

COMMERCE AMENDMENT ACT 2001 - SECT 23

23 New section 88A inserted

The principal Act is amended by inserting, after section 88 , the following section:

88A When undertaking as to damages not required by Commission

1 If the Commission applies to the Court for the grant of an interim injunction under this Part, the Court must not, as a condition of granting an interim injunction, require the Commission to give an undertaking as to damages.

2 However, in determining the Commission's application for the grant of an interim injunction, the Court must not take into account that the Commission is not required to give an undertaking as to damages.