OLINT case dismissed
The Supreme Court has dismissed an application by investment firm OLINT to have former solicitor general Michael Hylton removed as the attorney for the National Commercial Bank (NCB).
OLINT is also seeking to have the court bar NCB from closing three of its accounts.
Mr. Hylton is a former chairman of the Financial Services Commission (FSC), which issued a cease and desist order against OLINT last year, because it was not registered with the regulatory body.
Justice Roy Jones found that from documents filed there was no breach of confidentiality by Mr. Hylton, in passing information to NCB in the case, and that the bank had a right to an attorney of its choice.
OLINT has been asked to pay the legal costs involved in the case.
The court is expected to rule next week Thursday, on whether NCB will be allowed to close OLINT’s three accounts.