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.
Pakistan-Tajikistan joint exercise Dosti-III concluded in Cherat
- 8 hours ago
Bank of England lifts rate for first time since 2023 to fight inflation
- a day ago
Google’s latest Nest Learning Thermostat is $60 off just in time for sweater weather
- 11 hours ago
An unexpected winner of the midterm election: Animals
- 18 hours ago
Get in the spirit with these horrors from YouTube
- 11 hours ago
'Clicky Ponting' handed two-year suspension for finger-clicking deception
- 3 hours ago
PM inaugurates Kashmir Underpass in Islamabad
- a day ago
A million people could gain health insurance in Texas after Democrats’ huge win
- 18 hours ago
PM approves modernization of TDAP to promote exports
- 3 hours ago
A tiny Ohio town just found a way to make data centers pay
- 18 hours ago
How Democrats won the Deep South
- 18 hours ago
Kashmiris observing Jammu Martyrs' Day today
- 7 hours ago
