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JMMB Merchant Bank Limited v Finzi, Winston and Mahoe Bay Company Limited

Case Number: 
2013CD00146
Neutral Citation: 
[2025] JMCC Comm 49
Date of Delivery: 
02.06.2025

Mortgage - Enforcement of power of sale without factual or legal predicate - Absence of proper documentation proving sums allegedly owed - Proceeds from bonds issued in Jamaican currency converted to United States currency - Money used to buy mortgages to pay loans - No proof that loans existed - Money to be repaid - Whether should be repaid in Jamaica of United States currency - Interest claimed as debt - Interim payment - Stay of proceedings. 

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