Kim Dotcom has been ordered to reveal his assets again, this time by the Court of Appeal.
The internet entrepreneur now has until September 5 to disclose his assets to the movie studios and recording companies who are suing him.
The lawyer for the movie studios, Chapman Tripp partner Matt Sumpter, told NBR ONLINE today he would be shocked if there was an appeal.
He says his opposition was “thumped” by the Court of Appeal panel, which agreed with the lower court (see the judgment below).
The movie and music companies have brought a case against Mr Dotcom and others in the US claiming over $US100 million for copyright infringement.
The parties are in the midst of negotiations over freezing orders for Mr Dotcom’s assets but the movie studios and others asked for better clarification of what the assets are.
The issue was heard before Justice Patricia Courtney in the High Court, who ruled he must disclose his assets.
Mr Dotcom went to Court of Appeal, which delivered judgment against him today.
Simpson Grierson special counsel Tracey Walker had argued that the proceeding should be stayed, or held off.
She argued disclosure would cut across privacy rights.
However, the Court of Appeal panel of Justice Lynton Laurence Stevens, Justice Doug White and Forrest Miller said the movie studios and others could be affected if Mr Dotcom did not disclose what he owns.
“In the absence of any undertaking from Mr Dotcom, there is no assurance that he will not take steps to dissipate or remove his assets prior to the hearing,” the judgment says.
The full trial is set down for October 9.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Taniwha tax axed at the stroke of a pen
- Auckland intensification positive; housing affordability and business land supply slightly negative
- Search leader dismisses 'glide landing' theory in Flight MH370 crash
- Trump encourages Russian hackers to release Clinton emails
- Trustpower tax ruling: Government needs to act to clarify law for other firms
Most listened to
- Government will need to tidy up tax law in wake of Trustpower case, says Deloitte New Zealand tax partner Greg Haddon
- The reviled Taniwha Tax has been dropped from Auckland's Unitary Plan. Taxpayers' Union's Jordan Williams says it's a major coup
- Abano CEO Richard Keys on why his company doesn't have to pay top dollar for dental practices
- Nevil Gibson's Carry On has the latest on airlines, aircraft and route news of the week
- Despite a few howls of protest, land economics expert Adam Thompson says the Auckland Unitary Plan is positive