Polye refiles K3 billion UBS Loan case at Supreme Court

Former Opposition leader Don Polye has re-filed the Supreme Court case challenging the legality of the government’s decision to acquire the bad K3 billion loan from the Union Bank of Switzerland.

The case was re-filed by Polye’s lawyers from Henao Lawyers after a three-man Supreme Court bench on April 28 dismissed the case for warrant of prosecution.

The matter came for directions hearing today where Polye’s lawyer informed the court all parties were served copies of the appeal except the Union Bank of Switzerland’s Australian branch.

Wesley Bigy of Henao Lawyers sought for a week adjournment of the court to do so. The matter returns to court next Monday.

On April 28, the case was dismissed after Polye’s lawyer failed to appear in court in time for the hearing.

What was returnable that day was a standing application where Polye was to inform the court, through his lawyer, that he has enough grounds to challenge the government’s decision to acquire the K3 billion UBS loan.

The outcome of the standing application would then proceed to the substantial hearing of the reference however, Justice Derek Hartshorn, Collin Makail and Don Sawong dismissed the application and the entire proceeding due to Polye’s lawyer’s failure to be in court on time.