Feb 2014
BERMUDA
SUPREME COURT
THE BERMUDA INTERNATIONAL CONCILIATION AND ARBITRATION ACT, 1993 – FINAL AWARD – ENFORCEMENT – PUBLIC POLICY
By Summons dated 4 October 2013, the Applicants applied for leave pursuant to Section 40(1) of the Bermuda International Conciliation and Arbitration Act, 1993 (the “Act”) to enter judgment in terms of Consolidated Final Award made against the Respondent on 27 June 2013 and the Addendum made to it on 19 August 2013 in the Singapore International Arbitration Centre (the “Award”). As contemplated by the Act, the application was heard on an ex parte basis and Hellman J granted leave to enter judgment in terms of the Award, subject to the Respondents’ right to apply within 14 days of service of the Order to set aside leave. Under the Award, the Respondent was ordered to pay the first Applicant nearly US$5 million plus costs and the second Applicant approximately US$13.5 million plus costs.