"The company is currently considering legal advice on the effectiveness and outcome of the provisional injunction application and will fully inform the market about any further developments or actions in this regard," Silver Heritage said in a filing with the Australian Stock Exchange on Tuesday.
The casino operator said earlier this month that the first interim disposition and legal action against its subsidiaries in Nepal "does not pose an immediate significant commercial or legal impact or risk to the operation of the company" in Nepal.
The Kathmandu Post reported in July that a district court in Lupandehi had issued a temporary order against two local subsidiaries of Silver Heritage, preventing the group from selling Tiger Palace Resort (pictured) or developing more properties.
According to the newspaper, the original court order was in response to a warrant from the local water consumer commission. The latter agency reportedly claims there was some construction related to casino property on four public land sites. Silver Heritage originally vowed to fight claims of land infringement, saying the provisional injunction application "did not restrict the sale or construction of any site legally owned by the company through its subsidiary."
Silver Heritage did not disclose details related to a second restraining order on two facilities in Nepal in Tuesday's filing.
BY: 카지노
