Case No. FD05D04818

12.Having become aware that, in breach of my order, the New Receiver was proposing to transfer the Setubal shares to Ms Behbehani for nil consideration, the applicants issued a formal application for an injunction preventing the transfer. After correspondence between the solicitors, that application was compromised on the basis of a formal undertaking given by Mr Edwards that he would not transfer the shares to Ms Behbehani without a further order from the court. On the basis of that undertaking, I adjourned the injunction application with liberty to restore.