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Oil Basins Limited -v- Conticommerce S.A. and Foundation Anora, 2004 Civil Jurisdiction No. 171 [original location: SC Vol. 76 P. 167] (Jan 2012)

January 2012 Procedure

BERMUDA

SUPREME COURT

PROCEDURE - INTERPLEADER - STAY OF PROCEEDINGS - LIFTING PRIOR STAY

The Defendants, based in Switzerland and Lichtenstein respectively, were in dispute in Switzerland as to which of them should receive certain royalty payments held by the Plaintiff. The Plaintiff, a Bermuda company, placed the royalties in escrow and in 2004 commenced an interpleader action in the Bermuda Courts to determine which defendant was the proper recipient.

Also in 2004, the Defendants successfully stayed the Bermuda proceedings (with liberty to apply to vary or set aside the stay) to enable determination of the Swiss proceedings and separate proceedings in Lichtenstein involving the Second Defendant.

 

To continue reading full articles in PDF format:
Oil Basins Limited -v- Conticommerce S.A. and Foundation Anora, 2004 Civil Jurisdiction No. 171 [original location: SC Vol. 76 P. 167] (Jan 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

Oil Basins Limited -v- Conticommerce S.A. and Foundation Anora, 2004 Civil Jurisdiction No. 171 [original location: SC Vol. 76 P. 167] (Jan 2012)

01 January 2012

BERMUDA

SUPREME COURT

PROCEDURE - INTERPLEADER - STAY OF PROCEEDINGS - LIFTING PRIOR STAY

The Defendants, based in Switzerland and Lichtenstein respectively, were in dispute in Switzerland as to which of them should receive certain royalty payments held by the Plaintiff. The Plaintiff, a Bermuda company, placed the royalties in escrow and in 2004 commenced an interpleader action in the Bermuda Courts to determine which defendant was the proper recipient.

Also in 2004, the Defendants successfully stayed the Bermuda proceedings (with liberty to apply to vary or set aside the stay) to enable determination of the Swiss proceedings and separate proceedings in Lichtenstein involving the Second Defendant.

 

To continue reading full articles in PDF format:
Oil Basins Limited -v- Conticommerce S.A. and Foundation Anora, 2004 Civil Jurisdiction No. 171 [original location: SC Vol. 76 P. 167] (Jan 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