In a significant legal development, the High Court has postponed the trial of businessman Michael Feinstein and Stake Bank Enterprise, following a dispute over the introduction of new evidence. The case, which dates back to April 2024, involves allegations of fraud brought by Atlantic Bank Limited. The bank claims it provided $62 million to Stake Bank Enterprise for the development of Stake Bank Island into a cruise ship docking facility. However, Feinstein is accused of securing title to a 23.5-acre island extension in his own name, bypassing the company. The trial, initially set to commence today, was halted after Feinstein’s legal team, led by King’s Counsel Richard Salter, appealed a decision by Justice Rajiv Goonetilleke, who denied their request to introduce new evidence. The Court of Appeal is expected to hear the matter next week, with a virtual session tentatively scheduled for November to determine the trial’s resumption. Meanwhile, Justice Goonetilleke has ordered Atlantic Bank to cover the legal costs for Feinstein and Stake Bank Enterprise, which is currently in receivership. Representing Atlantic Bank is Senior Counsel Eamon Courtenay, while Senior Counsel Dean Barrow represents Stake Bank Enterprise. Upon exiting the courtroom, Feinstein expressed his disappointment, stating, ‘It is a sad day when the government takes the side of banksters.’ His attorney, Richard Salter, declined to comment on the application before the Court of Appeal.