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In the Matter of the Companies Law (2012 Revision) (As Amended) and in the Matter of Aramid Entertainment Fund Limited Cause No. FSD 95 of 2013, per Foster J (25 October 2013)

August 2013 Insolvency Winding Up Liquidation

CAYMAN ISLANDS

GRAND COURT

WINDING UP - LIABILITY FOR COSTS WHEN THE PETITION IS WITHDRAWN

This Ruling concerns liability, in the particular circumstances, for costs on the withdrawal of a creditor’s winding up petition. The company concerned contended that the petitioner should pay the company’s costs of and incidental to the petition. The petitioner contended that there should be no order for costs so that the parties should each bear their own costs or, alternatively, that a decision on liability for costs in each respect of the withdrawn petition should await the outcome of litigation between the petitioner and company in another jurisdiction.

 

To continue reading full articles in PDF format:
In the Matter of the Companies Law (2012 Revision) (As Amended) and in the Matter of Aramid Entertainment Fund Limited Cause No. FSD 95 of 2013, per Foster J (25 October 2013)

 

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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 the Companies Law (2012 Revision) (As Amended) and in the Matter of Aramid Entertainment Fund Limited Cause No. FSD 95 of 2013, per Foster J (25 October 2013)

18 August 2013

CAYMAN ISLANDS

GRAND COURT

WINDING UP - LIABILITY FOR COSTS WHEN THE PETITION IS WITHDRAWN

This Ruling concerns liability, in the particular circumstances, for costs on the withdrawal of a creditor’s winding up petition. The company concerned contended that the petitioner should pay the company’s costs of and incidental to the petition. The petitioner contended that there should be no order for costs so that the parties should each bear their own costs or, alternatively, that a decision on liability for costs in each respect of the withdrawn petition should await the outcome of litigation between the petitioner and company in another jurisdiction.

 

To continue reading full articles in PDF format:
In the Matter of the Companies Law (2012 Revision) (As Amended) and in the Matter of Aramid Entertainment Fund Limited Cause No. FSD 95 of 2013, per Foster J (25 October 2013)

 

 

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