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\fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 IN THE HIGH COURT OF FIJI
\par AT SUVA
\par CIVIL JURISDICTION
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 CIVIL ACTION NO. }{\lang2057\langfe1033\langnp2057\insrsid16188842\charrsid16188842 HBC0}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 404 OF 2002
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Between:
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 KELTON INVESTMENTS LIMITED
\par }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Plaintiff
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 and
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\b\lang2057\langfe1033\langnp2057\insrsid16188842 1. }{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 GOVERNMENT OF TUVALU
\par 2.}{\b\lang2057\langfe1033\langnp2057\insrsid16188842  }{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 AIR FIJI LIMITED
\par }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Defendants
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par Mr. W. Clarke for the Plaintiff
\par Mr. A. Tikaram for the 1st Defendant
\par Mr. W. Morgan for the 2nd Defendant
\par 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 DECISION
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par On 20 September 2002 }{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Kelton Investments Limited}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  (the }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
{\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 plaintiff}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL
 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 ) issued a Writ of Summons herein against the }{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
Government of Tuvalu}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  (the }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 D1}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 ) and }{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Air Fiji Limited}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  (the }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 D2}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 ) seeking an order for spec
ific performance and an }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
interim injunction until further order, restraining Air Fiji Limited from holding an extraordinary general meeting of shareholders on 20 September 2002 or such other date as may be determined pending resolution of this matter.}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par 
\par On an application made ex parte on the same date supported by an affidavit I granted interim injunction in terms applied for by the plaintiff.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The motion was returnable for 18 October 2002.
\par 
\par On 18 October the matter was adjourned for argument on 23 October 2002 with liberty reserved to the parties to agree to certain variation to the said order before 23 October.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The variation agreed to was in the following terms and an Order was filed in Court to that effect:
\par 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The Second Defendant is, until further order, restrained from removing Mr. James Michael Ah Koy as Director from the Board of the Second Defendant.}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The Motion was argued before me on 23 October.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 It was opposed by Mr. Tikaram for D1.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
Apart from consenting to the amended interim injunction referred to hereabove Mr. Morgan for D2 did not wish to say anything on the Motion.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
I have before me for my consideration in this application for injunction affidavit of Michael James Ah Koy in support; an Affidavit in Reply of Taukelina Finikaso, the High Commissioner for the Government of Tuvalu in Fiji, on behalf of D1.}{
\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 There was further affidavit for Plaintiff by James Michael Ah Koy in Reply to the affidavit of Taukelina Finikaso.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Oral arguments were presented by counsel for the parties.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Mr. Clarke and Mr. Tikaram both handed in to Court their written submissions which I found to be very useful.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 I have given these submissions a very careful consideration.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The facts in this application are very simple and I do not propose to state them here at any length for they
 are all contained in the two affidavits filed on behalf of the plaintiff.
\par }{\lang2057\langfe1033\langnp2057\insrsid8215991 
\par }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Under an Agreement (being Annexure MAK1 in the affidavit of Michael Ah Koy) the plaintiff sold its shares in Aviation Investments Limited to D1.}{
\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 It is stated by the plaintiff that, inter alia, it was a term and condition of that agreement as stated}{
\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 hereunder in clauses 9 and 10 respectively under the said agreement.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Clause 9}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  reads:
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The Purchaser agrees to use the full voting authority conferred on it by virtue}{
\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 of its voting rights
 of its shares in Air Fiji Limited through Aviation Investments Ltd. (the Shareholder) to vote onto the Board of Directors of Air Fiji Ltd., the person that Kelton Investments Ltd. may nominate for election to the Board of Directors of Air Fiji Ltd. from 
t}{\lang2057\langfe1033\langnp2057\insrsid8215991 ime to time.}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Clause 10}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  provides:
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li720\ri0\nowidctlpar\faauto\rin0\lin720\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
The Purchaser agrees by the time of settlement to replace Kelton Investments Ltd. and its Directors as guarantors of whatever credit facilities currently guaranteed by Kelton Investments Ltd. and or its directors for Air Fiji Ltd.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The plaintiff says that D1 is clearly in breach of the said conditions.}{
\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Mr. Clarke submits that as a result }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f 
"WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 while the First Defendant wants to avoid its obligation to appoint the Plaintiff director to the Board of the Second Defendant, it}{
\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 wants to keep the Plaintiff chained to guarantees for the Second Defendant.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 In other words, the First Defendant wants to enjoy all the trappings of ownership without facing the responsibility and risk that accompanies it.}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Mr. Clarke goes on to say that }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 with a possible liability of FJD$10}{\lang2057\langfe1033\langnp2057\insrsid16188842 -}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
11 million, must be allowed to maintain its}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 position on the Board of the Second Defendant in order to protect its interests.}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }{\lang2057\langfe1033\langnp2057\insrsid8215991 
\par }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The affidavit evidence reveals that by calling an Extraordinary General Meeting D1 is intending to remove Mr. Jame}{\lang2057\langfe1033\langnp2057\insrsid8215991 
s Michael Ah Koy as a director.}{\lang2057\langfe1033\langnp2057\insrsid9528598 
\par }{\lang2057\langfe1033\langnp2057\insrsid8215991\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Mr. Tikaram submits that the said Clause 9 talks of }{
\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 appointment}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  of a director and not his }{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 removal}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 .}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 It is submitted that the plaintiff}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
s claim is frivolous and designed to frustrate the operation of a large commercial entity in support of its very minor shareholding interest.
\par 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 On the evidence before the Court, this certainly is a case where the interim injunction ought to continue.}{
\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The plaintiff has convinced the Court that there is a }{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 triable issue}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  and it cannot be decided without the trial of the action.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The D1 wants to keep the plaintiffs }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
{\field{\*\fldinst SYMBOL 65 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 guarantee}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL
 64 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  which is in millions, and yet}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 wants to virtually }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 kick}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  the plaintiff}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 s nominee out as a director through an Extraordinary General Meeting.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
The explanation given by D1 for its high}{\lang2057\langfe1033\langnp2057\insrsid16188842 -}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 handed action is far from satisfactory.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 It is one of the resolutions of Aviation Investment Limited (AIL) }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 to replace Mr. James Ah Koy as a director of AFL by H.E.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Taukelina Finikaso, High Commissioner of Tuvalu to Fiji with immediate effect ....}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f 
"WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 (Annexure }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
{\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 MAK2' of Affidavit of M.J. Ah Koy).
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
In these circumstances is it any wonder that the plaintiff has come to protect its interest particularly when its guarantee in millions is still intact?}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Why has the guarantee not been discharged when the plaintiff has sold its shares to D1?}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 What right has D1 to hold on to the guarantee?}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
None whatsoever on the material before me.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 On the principles governing the granting of injunction the leading case is }{
\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 American Cyanamid Co v Ethicon Ltd}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  (1975) 1 A
ll E.R 504 and as it was said in that case that the Court must be satisfied that the plaintiff}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 s claim is not frivolous and vexatious.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 In other words, there ought to be}{
\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 a serious question to be tried; and if that is the case then the question becomes a matter of the }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 balance of convenience}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 .
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 On the affidavit evidence before me I find that there is a }{
\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 serious question}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  to be tried.}{\lang2057\langfe1033\langnp2057\insrsid16188842  }{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The claim is not }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 frivolous or vexatious}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  The }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 balance of convenience}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{
\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  lies in favour of the plaintiff.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 I am satisfied that the 
plaintiff is entitled to an injunction as prayed for and that damages will not be an adequate remedy in the face of such a substantial guarantee.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 In the outcome, for these reasons, applying the principles governing the grant of injunction, bearing in mind
 the words of }{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Megaw J}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  in }{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
Hubbard & Anor. v Vosper & Another}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842  (1972) 2 WLR 389 at 397 that }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL 62 \\f "WP TypographicSymbols"
 \\s 12}{\fldrslt\f36\fs24}}}{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
each case must be decided on a basis of fairness, justice and common sense in relation to the whole issues of fact and law which are relevant to the particular case}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 {\field{\*\fldinst SYMBOL
 61 \\f "WP TypographicSymbols" \\s 12}{\fldrslt\f36\fs24}}}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 ,
 I order that the interim injunction restraining the second defendant from removing Mr. James Michael Ah Koy as Director from the Board of the Second Defendant remain in force until further order of this Court.}{
\lang2057\langfe1033\langnp2057\insrsid16188842  }{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 The costs are to be costs in the cause.
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \qc \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid8215991 {\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 D. Pathik
\par }{\b\ul\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 Judge}{\b\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid16188842 
\par }\pard \ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0\pararsid16188842 {\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid8215991 
\par At Suva
\par 8 November 2002}{\lang2057\langfe1033\langnp2057\insrsid9528598\charrsid8215991 
\par }}