SM1 7.27% 29.5¢ synlait milk limited

Ann: SML Announcement - Supreme Court Update, page-450

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    Originally Posted by Left field SML, but for those interested in an alternative viewpoint I happened to be in the Supreme Court this morning and had the privilege of hearing both parties oral submissions. I don't intend to summarise the cases here but suffice it to say each party's written submission equaled several phone books (remember them?) of legal argument and evidence. I came away with the distinct impression from the verbal submissions and questioning, that SML have a good chance of a reasonable and possibly favourable outcome. From the words of the judges came words such as 'abuse of process' and 'opportunistic appeal' and 'other industrial plants in the area ignored by this appeal' and 'a possibility that the lower courts may have got it wrong'. After hearing arguments this morning the judges adjourned to make a ruling, so we await a ruling with interest. JMHO.... I don't hold SML, but do hold ATM.
 
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