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BVI Court Rectifies Share Register, Confirming Gerald Group’s Ownership of Soremi Mine and Citing CNG in Contempt
Tortola, British Virgin Islands – July 18, 2025 – In a significant development within a multi-jurisdictional dispute concerning the Soremi Mine, the British Virgin Islands (BVI) High Court has issued a definitive order to rectify the company’s share register. This ruling formally recognizes Gerald Group as the rightful owner of the Soremi Mine, marking a crucial step forward for the company.
Furthermore, the BVI Court has found CNG in contempt of its previous orders. This finding underscores the court’s commitment to upholding its directives and ensuring compliance within legal proceedings.
The BVI High Court’s decision to rectify the share register is a clear affirmation of Gerald Group’s ownership stake in the Soremi Mine. This legal clarity is expected to have a substantial impact on the ongoing operations and future development of the mine. Gerald Group has consistently maintained its rightful claim to the asset, and this court order provides a strong legal basis for their position.
The finding of contempt against CNG highlights a failure to adhere to the court’s mandates, adding another layer of complexity to the broader dispute. Courts play a vital role in ensuring the integrity of legal processes, and this judgment reflects the importance of respecting judicial pronouncements.
This multi-jurisdictional dispute has involved intricate legal arguments and proceedings across different jurisdictions. The BVI Court’s decisive action in rectifying the share register provides a clear resolution on the ownership of the Soremi Mine within its purview. Gerald Group has expressed its commitment to operating the Soremi Mine responsibly and efficiently, and this ruling is seen as a positive stride towards achieving those objectives.
The full implications of these rulings will likely unfold as the legal proceedings continue to progress. However, the BVI Court’s latest judgment provides a pivotal moment in the ongoing efforts to resolve the ownership and control of the valuable Soremi Mine.
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PR Newswire Policy Public Interest published ‘BVI Court orders Share Register to be rectified, recording Gerald Group as the rightful owner of the Soremi Mine in multi-jurisdictional dispute, and finds CNG in contempt of the BVI Court’ at 2025-07-18 14:33. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.