Phnom Penh Municipal Court Overturns Mfone Injunctions
The Phnom Penh Municipal Court has overturned two injunctions filed against bankrupt mobile operator Mfone, saying the decision will help the court-appointed administrator in charge of Mfone’s assets pay back creditors the money they are owed. … The court issued Eltek’s injunction in October and Huawei’s injunction in January. Eltek is seeking $3.73 million it is allegedly owed in service charges and Huawei is claiming $65 million. At a meeting with creditors on April 11, administrator Ouk Ry announced that the judges were considering dropping the injunctions to pave way for him to sell off Mfone’s assets. But Eltek’s lawyer Kouy Thunna, yesterday called the court’s order “illegal.” … Lawyer for Huawei Aron Zheng did not respond to requests for comment, though he has said in the past that the court must provide a legal basis to any decision to drop the injunctions against Mfone. …
