Nova Scotia court upholds injunction against Homburg companies

Ryan Ross
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Richard Homburg

A Nova Scotia court has upheld an order barring several companies chaired by Richard Homburg from divesting themselves of some of their assets in a dispute over more than $2.9 million.

In a March 18 decision, Supreme Court of Nova Scotia Justice Glen McDougall maintained an order that froze the assets of four defendant companies.

The injunction allowed them to dispose of some assets as long as the total remaining value of assets in Nova Scotia stayed above the disputed amount.   

Homburg Invest Inc. filed a statement of claim in December against 3258949 Nova Scotia Limited, Homburg International Limited, Citadel Holdings Inc. and Homburg Realty Services Inc.

The claim alleged U.S.-based Homburg Realty Services unlawfully misappropriated a total of more than $2.9 million.

Citadel Holdings Inc. was formerly known as Homburg Canada Incorporated and 3258949 Nova Scotia Limited was formerly Homburg International Limited.

The defendants argued in January that the injunction should be dropped because of court proceedings underway in Barbados and Colorado, but that request was denied.

McDougall ordered the defendants to pay $16,597.81 in costs.

Although he is the head of the defendant companies, Richard Homburg has not been involved with Homburg Invest Inc. since before it sought creditor protection in 2011.

None of the allegations have been proven in court.

Organizations: Homburg Invest Inc., Homburg International, Citadel Holdings Supreme Court Homburg Realty Services Homburg Canada

Geographic location: Nova Scotia, U.S., Barbados Colorado

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Recent comments

  • Why not Ask Ghiz Why Contractors Unpaid
    March 19, 2014 - 22:40

    Why not have someone at the Guardian ask Ghiz why PEI contractors are still owed millions and the Hotel is back with the "Hom"

  • Duhh
    March 19, 2014 - 15:11

    Maybe Nova Scotia could rename a town Homburgville to honor this great and wonderful man . I know our grandchildren will be grateful for our show of respect .

    • uppity
      March 20, 2014 - 07:22

      They already did. The Corporation of the City of Charlottetown was renamed Homburg Incorporated last year in a secret in-camera meeting. Robert Ghiz and Clifford Lee are two of the non-voting shareholders. You didn't know about it, did you? Shhhh....