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BVI Court Affirms Gerald Group’s Ownership of Soremi Mine, Finds CNG in Contempt
Road Town, Tortola, British Virgin Islands – July 18, 2025 – In a significant development stemming from a multi-jurisdictional dispute, the High Court of Justice of the British Virgin Islands (BVI) has issued a landmark ruling, ordering the rectification of the share register to officially record Gerald Group as the rightful owner of the Soremi mine. Concurrently, the Court found CNG in contempt of its previous orders.
The BVI court’s decision provides a clear legal framework confirming Gerald Group’s ownership interests in the valuable Soremi mining assets. This judgment is the culmination of extensive legal proceedings and underscores the BVI court’s commitment to upholding contractual rights and resolving complex international commercial disputes.
The ruling against CNG for contempt of court signifies a serious breach of judicial directives. Such findings highlight the importance of adhering to court orders and the consequences faced by parties who fail to do so within the established legal system.
This multi-jurisdictional matter has involved legal actions across various jurisdictions, and the BVI court’s decisive pronouncement offers a crucial resolution. Gerald Group has consistently maintained its legitimate claim to ownership, and this court order serves as a strong validation of their position.
The BVI court’s jurisdiction in company matters and its ability to enforce its rulings are widely recognized. The rectification of the share register is a definitive step in establishing legal ownership, providing certainty for Gerald Group and all parties involved.
Gerald Group is expected to proceed with its plans regarding the Soremi mine, now with the unequivocal legal backing of the British Virgin Islands High Court. This judgment reinforces the stability and effectiveness of the BVI’s legal framework for international business and dispute resolution.
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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 14:07. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.