Chabra Injunction And The Test Of "Good Reason To Suppose"

In the recent Appellate case FInstella -v- Bakay and Recolta, which was handled by our office, on behalf of the successful party - (in co-operation with the English law firm FIELDFISHER LLP)- the Appellate Court dismissed the appeal of a party – (which had intervened in an Originating Application for Enforcement of an LCIA Arbitral Award, in order to apply to set aside extensive chabra freezing orders and a receivership obtained by our Client) – against the decision of the 1st Instant Court to dismiss the Appellant's application to set aside the ex parte chabra injunctions and receivership on, inter alia, the ground that such a party had a valid and legally enforceable pledge, over the shares of a Cypriot company, which were the subject of the chabra injunction and receivership.