The High Court (HC) of the British Virgin Islands has ruled in favor of Pakistan in Reko Diq case and ordered to restore all the frozen assets of PIA.
The British Virgin Islands High Court has rejected the Tethyan Copper Company s plea and ordered it to pay Pakistan s legal costs in the case. Receivers at Roosevelt Hotel New York and Scribe Hotel Paris have been removed following the court ruling.
A statement issued by the Attorney General said that all the decisions against PIA in the Reko Diq case have been reversed, this decision is our great victory. The British Virgin Islands High Court has ruled in favor of Pakistan, he added.
He said that the verdict in favor of Tethyan Copper Company (TTC) in Reko Diq case has been quashed. Roosevelt Hotel and Scribe Hotel Paris have also been returned to Pakistan.