IT’S A GO.
Chief Justice Sir Marston Gibson last night gave the green light for the continued trading of Banks Holdings Ltd shares as he lifted the injunction after listening to another marathon session in Supreme Court No 1.
And while attorney Queen’s Counsel Barry Gale and the brewery’s top brass are hailing the move and calling it a victory for shareholders, ANSA McAl’s Barbados president and chief executive officer Nicholas Mouttet says the company will have to consider its options before it decides its next step.
The late night decision ended three days of marathon, in chambers legal hearings which engaged the attention of Chief Justice Sir Marston who, as a first instance judge, was determining whether a temporary injunction granted which prevented trading of BHL shares, should continue or be lifted.
Yesterday’s sitting, which started just after 11 a.m. turned into another all day hearing, with senior counsel Reginald Armour taking six hours to respond to Thursday’s submissions by Queen’s Counsel, Barry Gale, Queen’s Counsel Roger Forde and Queen’s Counsel Dale Marshall.
