The plaintiff brought a motion to enforce its contractual rights following a $5 million default on bearer bonds issued for a renewable energy project in Poland.
The plaintiff sought to terminate the Administration Agreement and assume the role of Administrator of the Trust.
The court found that final relief could not be granted on an interlocutory motion due to credibility issues requiring a trial.
However, the court granted a temporary mandatory injunction allowing the plaintiff to assume the Administrator's duties pending trial, finding a strong prima facie case of default, irreparable harm, and a balance of convenience favoring the plaintiff.
