JUST IN: Hangwani Maumela’s bid to halt Ferrari sales fails
The Special Tribunal agreed, ruling that the Ferrari should be sold and the proceeds safely deposited into an interest-bearing trust account until civil recovery proceedings conclude.
The court further found that the applicants had shown neither a clear legal right nor irreparable harm, while confirming that the proceeds would remain protected in an interest-bearing trust account pending the outcome of the main litigation.5 million, will be sold and the proceeds secured in an interest-bearing trust account pending the outcome of civil recovery proceedings.
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