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Natali Osetinskaya -v- Golante Management Ltd; and Natali Osetinskaya -v- Usilett Properties Inc. Claim No. 0037 of 2013

July 2013 Injunctions

BRITISH VIRGIN ISLANDS

HIGH COURT (COMMERCIAL DIVISION)

BLACK SWAN JURISDICTION - WHETHER NON CAUSE OF ACTION DEFENDANT IS TO BE ENJOINED FROM DEALING IN SHARES - ASSETS OUTSIDE THE JURISDICTION - DISCLOSURE

The case concerns applications for freezing injunctions arising out of disputes relating to the ownership of assets originally held by two Cypriot companies in which the Applicant held a beneficial interest. In the proceedings against Golante Management Ltd, a freezing order was sought pursuant to the Court’s Black Swan jurisdiction in aid of an injunction granted in Cyprus but subsequently discharged. On the ex parte and inter partes applications, the Commercial Judge declined to grant the order sought on the grounds that if the home Court did not see fit to keep in place injunctive relief, then there was no good reason why the BVI Court should act where the home Court had declined to do so.

 

To continue reading full articles in PDF format:
Natali Osetinskaya -v- Golante Management Ltd; and Natali Osetinskaya -v- Usilett Properties Inc. Claim No. 0037 of 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

Natali Osetinskaya -v- Golante Management Ltd; and Natali Osetinskaya -v- Usilett Properties Inc. Claim No. 0037 of 2013

17 July 2013

BRITISH VIRGIN ISLANDS

HIGH COURT (COMMERCIAL DIVISION)

BLACK SWAN JURISDICTION - WHETHER NON CAUSE OF ACTION DEFENDANT IS TO BE ENJOINED FROM DEALING IN SHARES - ASSETS OUTSIDE THE JURISDICTION - DISCLOSURE

The case concerns applications for freezing injunctions arising out of disputes relating to the ownership of assets originally held by two Cypriot companies in which the Applicant held a beneficial interest. In the proceedings against Golante Management Ltd, a freezing order was sought pursuant to the Court’s Black Swan jurisdiction in aid of an injunction granted in Cyprus but subsequently discharged. On the ex parte and inter partes applications, the Commercial Judge declined to grant the order sought on the grounds that if the home Court did not see fit to keep in place injunctive relief, then there was no good reason why the BVI Court should act where the home Court had declined to do so.

 

To continue reading full articles in PDF format:
Natali Osetinskaya -v- Golante Management Ltd; and Natali Osetinskaya -v- Usilett Properties Inc. Claim No. 0037 of 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