The High Court of Justice in the British Virgin Islands (BVI) while restoring PIA's frozen assets has evoked its earlier orders regarding the attachment of the national carrier’s offshore assets.
Earlier, on December 10, 2020, BVI ordered to attach certain assets of Pakistan International Airline.
The court had attached the assets belonging to Pakistan International Airlines Investment Limited (PIAIL), including the company’s interests in two hotels — Roosevelt Hotel in Manhattan, New York, and Scribe Hotel in Central Paris.
"A short while ago judgment was announced by British Virgin Island High Court. Great legal victory for PIA and Pakistan. The order was passed earlier on the request of TCC which was seeking enforcement of Reko Diq award. All orders passed against PIA earlier are now recalled by the Court. Receiver removed from Roosevelt hotel, NY and Scribe hotel, Paris. Cost of litigation also awarded," said a statement issued by Attorney General for Pakistan (AGP) office on Tuesday.
Ex-South Alabama QB Lopez commits to UNC
- 5 گھنٹے قبل
Everybody’s got a favorite new game
- 6 گھنٹے قبل
Pakistan’s Cardinal Joseph Coutts to help elect new Pope at Vatican
- 13 گھنٹے قبل
From Michigan Man to Raiders master planner: Inside the rise of Las Vegas GM John Spytek
- 5 گھنٹے قبل
Over 700 events and protests across the US mark ‘A National Day of Action’
- 6 گھنٹے قبل
iRobot’s Roomba Combo 10 Max is nearly 50 percent off for Verge readers
- 6 گھنٹے قبل
Luka relishes chance to take on Wolves' Gobert
- 5 گھنٹے قبل
Judge pauses mass firing of consumer protection workers
- 6 گھنٹے قبل
WhatsApp to roll out 90-second status video feature soon
- 12 گھنٹے قبل
10 charts prove that clean energy is winning — even in the Trump era
- 4 گھنٹے قبل
Iffat Omar declines Punjab govt’s offer to become cultural adviser
- 12 گھنٹے قبل
Legwold ranks the 100 best draft prospects: An annual list of the top names to know
- 5 گھنٹے قبل
