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Standard Chartered Bank -v- Ahmad Hamad Algosaibi, Grand Court of the Cayman Islands (Financial Services Division) Cause No. FSD 3 of 2013, per Henderson J (10 June 2014)

June 2014 Enforcement of Judgments

CAYMAN ISLANDS

GRAND COURT

RECOGNITION AND ENFORCEMENT OF FOREIGN JUDGMENTS - DEFAULT JUDGMENT

The Plaintiff Bank obtained a Bahrain decision of the Bahrain Chamber for Dispute Resolution, acknowledging the Defendants’ indebtedness to the Bank in the amount of US$25 million. The Bank then sought to have that decision recognised and enforced in the Cayman Islands.

The Defendant was served outside the jurisdiction with a Writ of Summons and Statement of Claim and ultimately (after first indicating that they intended to contest the claim) filed an acknowledgement of service stating that they were not intending on contesting the claim. The Defendants did not file a defence.

 

To continue reading full articles in PDF format:
Standard Chartered Bank -v- Ahmad Hamad Algosaibi, Grand Court of the Cayman Islands (Financial Services Division) Cause No. FSD 3 of 2013, per Henderson J (10 June 2014)

 

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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

Standard Chartered Bank -v- Ahmad Hamad Algosaibi, Grand Court of the Cayman Islands (Financial Services Division) Cause No. FSD 3 of 2013, per Henderson J (10 June 2014)

18 June 2014

CAYMAN ISLANDS

GRAND COURT

RECOGNITION AND ENFORCEMENT OF FOREIGN JUDGMENTS - DEFAULT JUDGMENT

The Plaintiff Bank obtained a Bahrain decision of the Bahrain Chamber for Dispute Resolution, acknowledging the Defendants’ indebtedness to the Bank in the amount of US$25 million. The Bank then sought to have that decision recognised and enforced in the Cayman Islands.

The Defendant was served outside the jurisdiction with a Writ of Summons and Statement of Claim and ultimately (after first indicating that they intended to contest the claim) filed an acknowledgement of service stating that they were not intending on contesting the claim. The Defendants did not file a defence.

 

To continue reading full articles in PDF format:
Standard Chartered Bank -v- Ahmad Hamad Algosaibi, Grand Court of the Cayman Islands (Financial Services Division) Cause No. FSD 3 of 2013, per Henderson J (10 June 2014)

 

 

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