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Dec 6, 2018

Bradley Paumen and Michael Modiri are Back in Court

Michael Modiri

Businessmen Michael Modiri and Bradley Paumen have been locked in a protracted legal battle on both the criminal and civil ends after a business deal turned sour a few years ago.  Today, they were back in the Supreme Court where an ongoing dispute involving shares in a joint venture took centre stage.  The case before Justice Shona Griffith, saw the parties agreeing that shares in a tract of land in question are in fact owned by Paumen who transacted via a third party.  While they have been embroiled in the lawsuit, attorney Oscar Sabido told the media that his client, Michael Modiri, is a step closer to being compensated, having established ownership of the shares.

 

Oscar Sabido

Oscar Sabido, Attorney for Michael Modiri

“It was a continuation of the enforcement and we had an application before the court for summary judgment.  Basically one point we were asking which is that the court declare that the shares that were half of the shareholding in two companies.  The two companies are the two companies that were an issue that hold the lands and we said those shares belong to Mr. Paumen, although they are in another person’s name, one Pedro Ack and the court actually agreed with us and gave the summary judgment today and said yes.  In a sense it was like, almost like we kind of came to that point on both sides because it was clear, it was an obvious admission by the attorney on the other side, who said in his pleadings, well the shares actually belong to Mr. Paumen, they are being held by Mr. Ack for Mr. Paumen.  And the court said, “well if that is the case it is almost like an inevitable point that they belong to him and so I, in a sense, am constrained and would probably have to make the order.”  We came to that decision and so the court made the order.”

 

Reporter

“So how does this affect the ongoing dispute which has various dimensions, criminal, civil and on the ground, in terms of access to property?”

 

Oscar Sabido

“Well, it affects it from the point of view that there has been this considerable litigation that at the end awarded this large amount of money for exemplary damages which, in a sense, reflects the conduct of the other side, Mr. Paumen, in terms of how he dealt with these matters and the court took it very seriously.  But the enforcement cannot be done because there was nothing, no asset that we could find, so only one share in each of the companies and Sibun Green is one of the companies and the other one, I don’t remember the name right now, but the point was that those particular, one share each, was not enough, so we had to go and find a way to establish that the shareholding held by somebody else was the property of Paumen.  And so it puts him in a position where now the claimant, Mr. Modiri, that he may be able to collect his money because he has made one step forward in establishing the ownership of the shares.”

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