Molecular Dynamics Limited - SDBM Limited - Chauncey Capital Corp v Spectrum Dynamics Medical Limited - Eastern Caribbean Supreme Court, British Virgin Islands Claim No BVIHCM 2019-0113 - 8 April 2020
Country
Year
2020
Summary
JUDGMENT
This judgment concerns a return date hearing in respect of a worldwide freezing order (‘WFO’) obtained by the Applicants in respect of the Respondent and its assets on 31 st July 2019. This was at an ex parte hearing before this Court. It also concerns an application by the Respondent filed on 25 th September 2019 to discharge that injunction. For the reasons below I am persuaded that the WFO should be discharged, on grounds that there was and is insufficient evidence of a risk of dissipation.