The appellants appealed a motion judge's order finding them in contempt of court for breaching a Mareva injunction and imposing a $150,000 fine payable to the respondent.
The Court of Appeal upheld the contempt finding and the substantial indemnity costs award of $57,000.
However, the Court held that a fine for civil contempt is an offence against the administration of justice and must be paid to the Crown, not the opposing party.
The fine was reduced to $10,000 and ordered payable to the Provincial Treasurer.