SIS has scored a legal victory over the National Gas Company (NGC) at the Privy Council.
The matter surrounds the case in which the NGC applied to freeze the assets of SIS.
Before the local court’s, the matter was argued that the government has the right to retrieve the monies owed to it for a breach of contract.
The company’s legal team said the state was not allowed to sell, mortgage or encumber the assets in any way.
NGC was expected to file for a case management hearing in which the issue of the asset would have been discussed.
NGC’s lawyers failed to file the application for the case management hearing within the stipulated time under the court’s rules and sis’s attorneys moved to have the matter dismissed.
Today, the Privy Council sided with SIS in a 17-page ruling.