Staff responsible Ryan Hawthorne
This is an application by the Second Defendant, AAA International Limited (“AAAIL”) and AAA Risk Solutions Limited (“AAARSL” / the “Second Applicant”)1 to discharge or vary the restraint order made by Hargun CJ dated 1 February 2022 (the “Restraint Order”) in favor of the Attorney General’s Ex Parte Notice of Originating Motion dated 28 January 2022 (the “ex parte application”).
Case outcome
The Supreme Court refused to discharge the restraint order as there had been a real risk of dissipation that could be inferred from the nature of the allegation in the foreign jurisdiction and that the corporate veil could be pierced where it was likely that the assets were attributable to the defendant in the foreign proceedings.