The Tonga Development Bank will retain its CEO and Board Chairman, for the time being, pending the resolution of a dispute at trial, in an ongoing civil action against the National Reserve Bank of Tonga. Lord Chief Justice Malcolm Bishop, in a ruling on 19 September, also ordered that Tonga Development Bank (TDB) must still refrain from engaging in any economic development activities, without the prior approval of the National Reserve Bank of Tonga.
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Results for Nuku'alofa Supreme Court civil jurisdiction
Friday 20 September 2024
Nuku'alofa, Tonga
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