Unicorn International Securities Victorious vs. G.O.B….

Michael Young

In January 2016, the Supreme Court ordered GOB to pay nine million dollars in compensation to principals of Titan International Securities for an unlawful raid and seizure. In September 2014, acting at the request of the U.S., the Financial Intelligence Unit and Police descended on the offices of Titan and Unicorn International Securities at the Matalon Building. They confiscated all documents, files and computers, effectively closing those businesses with immediate effect. That turned out to be an unconstitutional and very expensive decision for G.O.B., and there’s more bad news. On Friday, Unicorn International Securities was also victorious in its claim for relief. Today attorney Michael Young provided News Five with some background and explained why the Court found that GOB had acted in flagrant breach of the law.

Michael Young, Attorney for Unicorn International Securities

“In the Unicorn case, everyone was told to stop working, leave everything as it is…the Police had a warrant and they proceeded to take, stack u all documents, computers, office equipment, gather them up and take them away. That resulted in the business closing down immediately and there was the case of the FIU which had separately taken steps to freeze the bank account of these companies. That case was dealt with where the Court – actually the judgment of the Chief Justice – ruled that there was no basis to continue to freeze the assets of these companies, so the freezing was discharged. Separately from that we took a claim to the Court. The incident was on the ninth of September, as I said, and one month later we had formulated the case to file a claim for breaches of the fundamental constitutional rights of our client, Unicorn. The case went through its preliminary steps, affidavits were filed relating to the evidence, submissions were made, the case was heard in June of 2015 and on Friday the Court delivered its written decision. That decision was that the government had acted in flagrant breach of the law itself and had violated the fundamental rights of Unicorn, including the right to be protected from arbitrary search, the right to be protected from arbitrary deprivation of property, the right to gain a living or carry on a trade freely without undue interference, and also the right to be protected from undue attack on one’s reputation. If you will recall, when this happened this was big news, and there it was before everyone on television that these businesses were being closed down. It was clearly a frightening experience even for the employees.”