OCT, Tobago Zipline Company Wins Vs THA In BVI Court

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OCT, Tobago Zipline Company Wins Vs THA In BVI Court

The Directors of the zip line company, OCT Enterprises Limited, landed a serious blow against the Tobago House of Assembly as the British Virgin Island High Court unfroze the two directors’ bank accounts on that island.

The BVI judge also ordered the THA to pay the directors’ costs.

The pair of OCT directors, Richard Graham and Darren Hreniuk are relieved that courts were able to unfreeze their accounts after the THA through its lawyers; Alexander Jeremie and Company claimed the company acted fraudulently in its dealings with THA zipline project.

Justice Tana’ania Small Davis KC in the Eastern Caribbean Supreme Court’s Commercial Division for the High Court of the BVI lifted the freeze last Tuesday after she found no basis to continue the freeze based upon the arguments put forward by the THA’s legal team.

The BVI law firm of Harney Westwood & Riegels was retained by Alexander Jeremie and Company on behalf of the THA.

The OCT directors represented themselves in the matter against the international law firm.

This comes on the heels of the THA Chief Secretary, Farley Augustine and Jeremie SC’s claims the zip line company was a “ghost” company and that their search for the company came up with no listing in the BVI where the company is registered.

The THA previously received two freezing orders against the directors of OCT one account in TT and another in the BVI.

The THA is suing for US$416,900 for alleged breach of contract in the zip line project planned for the Main Ridge Forest Reserve over a distance of 1.5 kilometres.