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Offshore Cases

In the Matter of Sea Containers Ltd. [2012] SC (Bda) 26 Com (10 May 2012)

May 2012 Insolvency Winding Up Liquidation

BERMUDA

SUPREME COURT

COMPANIES - WINDING UP - JPLS’ APPLICATION FOR A LETTER OF REQUEST - STATUTORY BASIS OF JURISDICTION

In this case, the Company in question was wound up by Ground CJ in January 2010. The Company is the parent of four UK Companies undergoing liquidation proceedings in the English High Court. As such, the settlement of these claims turns on issues of English law.

JPLs’ sought an application for a Letter of Request to seek assistance from an overseas Court. The Court took the opportunity to make clear the statutory basis of jurisdiction to direct that liquidators may seek assistance from an overseas Court under the Companies Act, 1981 and the common law principles governing the exercise of the Court’s discretion to sanction that assistance.

 

To continue reading full articles in PDF format:
In the Matter of Sea Containers Ltd. [2012] SC (Bda) 26 Com (10 May 2012)

 

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EDITOR & HEAD OF LITIGATION BERMUDA

Christian R. Luthi
Tel: +1 441 298 7814
Email: christian.luthi@conyersdill.com


Head of Litigation British virgin islands

Mark J. Forte
Tel: +1 284 852 1113
Email: mark.forte@conyersdill.com


Head of Litigation Cayman Islands

Paul Smith
Tel: +1 345 814 7777
Email: paul.smith@conyersdill.com


HEAD OF THE ASIA DISPUTES & RESTRUCTURING GROUP

Nigel K. Meeson, QC
Tel: +852 2842 9553
Email: nigel.meeson@conyersdill.com

Offshore Cases

In the Matter of Sea Containers Ltd. [2012] SC (Bda) 26 Com (10 May 2012)

01 May 2012

BERMUDA

SUPREME COURT

COMPANIES - WINDING UP - JPLS’ APPLICATION FOR A LETTER OF REQUEST - STATUTORY BASIS OF JURISDICTION

In this case, the Company in question was wound up by Ground CJ in January 2010. The Company is the parent of four UK Companies undergoing liquidation proceedings in the English High Court. As such, the settlement of these claims turns on issues of English law.

JPLs’ sought an application for a Letter of Request to seek assistance from an overseas Court. The Court took the opportunity to make clear the statutory basis of jurisdiction to direct that liquidators may seek assistance from an overseas Court under the Companies Act, 1981 and the common law principles governing the exercise of the Court’s discretion to sanction that assistance.

 

To continue reading full articles in PDF format:
In the Matter of Sea Containers Ltd. [2012] SC (Bda) 26 Com (10 May 2012)

 

 

EDITOR & HEAD OF LITIGATION BERMUDA

Christian R. Luthi
Tel.: +1 441 298 7814
Email.: christian.luthi@conyersdill.com


Head of Litigation British virgin islands

Mark J. Forte
Tel.: +1 284 852 1113
Email.: mark.forte@conyersdill.com


Head of Litigation Cayman Islands

Paul Smith
Tel.: +1 345 814 7777
Email.: paul.smith@conyersdill.com


HEAD OF THE ASIA DISPUTES & RESTRUCTURING GROUP

Nigel K. Meeson, Q.C.
Tel.: +852 2842 9553
Email.: nigel.meeson@conyersdill.com