Bahamas Court of Appeal issues a further Judgement in favour of MWP against Thomas Ian Sinclair
Following on from its earlier victories in the Court of Appeal (2008) and Privy Council (2011), MWP is delighted to announce yet another resounding judicial victory over Thomas Ian Sinclair, personally, in a Bahamian action initiated by Mr Sinclair as to his claim to ownership of 14.75m shares in Max Petroleum Plc, owned by Eagle Point Investments Limited, which shares MWP believes properly belong to it.
On 17 July 2012, the Bahamian Court of Appeal allowed MWP’s application for an extension of the time for it to proceed with taxation of its costs, as awarded against Thomas Ian Sinclair by the Court of Appeal in its Judgment of 23 April 2008, dismissing Mr Sinclair’s claims as artificially “manufactured”, and on jurisdictional grounds.
On 8 June 2011, the Judicial Committee of the Privy Council in London dismissed Mr Sinclair’s appeal from the 23 April 2008 Judgment of the Bahamian Court of Appeal, which previously dismissed Mr Sinclair’s claim, awarding costs against him. The Judicial Committee of the Privy Council further expressly confirmed the Costs Order of the Bahamian Court of Appeal in MWP’s favour.
Accordingly, MWP is proceeding to recover its costs from Mr Sinclair, personally, in the amount of over US$850,000, plus interest accrued and accruing.
MWP is grateful for the fair and just Judgement of the Court of Appeal, and has now been fully vindicated against Mr Sinclair’s unsuccessful and unmeritorious claims in the Bahamas.
On 17 July 2012, the Bahamian Court of Appeal allowed MWP’s application for an extension of the time for it to proceed with taxation of its costs, as awarded against Thomas Ian Sinclair by the Court of Appeal in its Judgment of 23 April 2008, dismissing Mr Sinclair’s claims as artificially “manufactured”, and on jurisdictional grounds.
On 8 June 2011, the Judicial Committee of the Privy Council in London dismissed Mr Sinclair’s appeal from the 23 April 2008 Judgment of the Bahamian Court of Appeal, which previously dismissed Mr Sinclair’s claim, awarding costs against him. The Judicial Committee of the Privy Council further expressly confirmed the Costs Order of the Bahamian Court of Appeal in MWP’s favour.
Accordingly, MWP is proceeding to recover its costs from Mr Sinclair, personally, in the amount of over US$850,000, plus interest accrued and accruing.
MWP is grateful for the fair and just Judgement of the Court of Appeal, and has now been fully vindicated against Mr Sinclair’s unsuccessful and unmeritorious claims in the Bahamas.