Corporations (Investigation and Management) Act 1989 No 11 (as at 24 November 2009), Public Act
62. Termination of statutory management
(2) Any corporation, or associated person of a corporation, or subsidiary of a corporation shall cease to be subject to statutory management if that corporation, or associated person, or subsidiary, as the case may be, is put into liquidation on the application of the statutory manager.
Hence the only way to force exit from Statutory Management is to force conditions of liquidation. Liquidation of a Corporation is defined in the Insolvency provisions of the Companies Act.
There is no way Mr Hubbard can force or influence the termination of Statutory Management through any provision of the Corporations (Investigation and Management) Act 1989.
His only remedies are in the Companies Act under general insolvency law. Even here, there is very little he can do under general insolvency provisions.
Given that there are no grounds to exit Statutory Management other than through the approval and assent of the Statutory Manager - why would Mr Hubbard ask for a Judicial Review? What illegality, unreasonableness (in terms of the act) or procedural impropriety could he attempt to prove? What greater authority could he appeal to?
Maybe you are confusing a Judicial Review for his call for a Royal Commission of Inquiry?
http://tvnz.co.nz/business-news/alla...nquiry-3648920