Barbara Gayle, Staff Reporter
THE CITY of Kingston Co-operative Credit Union (CoK) on Wednesday afternoon got a stay of execution of an arbi-tration award of $5.8 million to two former customers.
The Supreme Court granted the stay hours after a bailiff went to the credit union and took an inventory of office furniture to recover the sum.
Hubert Jones, the bailiff, told The Gleaner that he went to the office and did "an inventory which, in effect, is a seizure of the items." Mr. Jones said he left a copy of the inventory with the office and was "now in the process of finding proper storage area to remove the items."
CoK legal adviser, Indera Persaud, said on Wednesday that no property had been seized by bailiffs from the credit union's offices.
REQUEST TO QUASH AWARD
"Further, we do not foresee any need for that course of action to be taken as we are a responsible organisation which respects the course of justice and would honour any final decision made by the courts in this regard," Ms. Persaud said.
She said CoK had filed an action in the Supreme Court seeking leave to apply for judicial review to quash the award.
The arbitration award was made in September last year in favour of Yvette Reid and Mavis Henry.
Arbitrator Roy Stewart found that Mrs. Henry lost a lucrative contract with the Ministry of Education because the credit union failed to return a land title. The land title, which belonged to Mrs. Henry and her husband, was used as security for a loan to their daughter, Yvette Reid. The arbitrator found that although the loan was repaid, the credit union took an unduly long time to return the land title.
Attorney-at-law Marvalyn Taylor Wright, who represents Reid and Henry, had applied to the court last month and obtained the warrant of levy.
