Trust and trustee – Corporate trustee. The dispute arose out of contractual arrangements made in connection with a project for the construction of a national stadium and sporting complex in Grenada and, in particular, a facility agreement made with between the appellant, NS, and CLICO Investment Bank Ltd (CIB). The proceedings concerned the ownership of funds payable under that agreement which had been frozen pursuant to an ex parte injunction. The Privy Council set aside an order dismissing NS's notice of appeal against a declaration that the frozen fund was held on trust for NH.