12 Jul2010
Update on claim against Jón Ásgeir Jóhannesson
On 9 July 2010 in the Royal Courts of Justice in London, Jón Ásgeir Jóhannesson (JAJ) applied to have the worldwide freezing order, originally granted on 11th May 2010, overturned. GLB argued that the order should remain in force as they believed that the responses by JAJ to the original order were incomplete and did not present a complete view of the worldwide assets he controlled.
The judge ruled in our favour and insisted the freezing order remained until at least two weeks after the outcome of the Aurum hearing. In providing his ruling the judge cast doubt over the accuracy of JAJ's disclosure.
JAJ was also ordered to make a payment on account of our costs (to be assessed) of £150,000.