On 24-25 October 2023, Justice Wallbank of the BVI Commercial Court presided over a valuation trial in the matter of Soemarli Lie v Ng Min Hong & Success Overseas Finance Limited.
Litigation Funding In The Offshore Jurisdictions: How Will The UK Supreme Court Decision In PACCAR Affect Offshore Litigation Funding? Legal News and Analysis - Offshore, United Kingdom - Dispute Resolution - Commercial Litigation -
On 23 November 2021, the BVI Commercial Court handed down judgment in Soemarli Lie v (1) Ng Min Hong and (2) Success Overseas Finance Limited (the “Company”) following a four-week trial.
Islamabad [Pakistan], May 27 (ANI): A British Virgin Islands (BVI) High Court on Tuesday released the frozen assets of Pakistan International Airlines (PIA) hotels in Paris and Manhattan from a USD 6 billion pay-out to Tethyan Copper Company (TCC) in Reko Diq case verdict reversal.
BVI court releases frozen assets of Pak airlines
ANI
27 May 2021, 20:55 GMT+10
Islamabad [Pakistan], May 27 (ANI): A British Virgin Islands (BVI) High Court on Tuesday released the frozen assets of Pakistan International Airlines (PIA) hotels in Paris and Manhattan from a USD 6 billion pay-out to Tethyan Copper Company (TCC) in Reko Diq case verdict reversal.
Following the historic legal victory, PIA has again received ownership of its hotels located in the US and France and other properties, reported Pakistan Today.
BVI High Court Justice Gerhard Wallbank, while passing the order on December 10, 2020, had attached certain assets belonging to PIA, including the company s interests in two hotels Roosevelt Hotel in Manhattan, New York, and Scribe Hotel in central Paris - as well as the erstwhile frozen 40 per cent interest of PIA in a third entity, Minhal Incorporated.