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Reko Dik awards: BVI High Court unfreezes PIA’s assets, keeps $6 bn award intact By File photo LONDON: The High Court of Justice in the British Virgin Islands (BVI) has lifted the attachment orders on PIA’s offshore assets Roosevelt Hotel in Manhattan, Scribe Hotel in Central Paris and Minhal Incorporated in the US$6 billion Reqo Diq case against Pakistan, according to Attorney General of Pakistan’s office. The News has learnt that the High Court judge lifted the receivership and didn’t make any final determination whether the PIA could be held accountable for the debt owed by Pakistan. The court sources said that the injunction prohibiting the sale of the assets remains in place, while the Claimant Tethyan Copper Company (TCC) was granted leave to appeal.

France generalBritish virgin islandsReko diqCity ofUnited kingdomJustice gerhard wallbankReqo diqStanimir alexandrovKlaus sachsRoosevelt hotel in manhattanClaimant tethyan copper companyMinhal incorporatedHigh courtScribe hotelCentral parisAttorney general