11/14/2022
START DATE
END DATE
18-Nov-22
The Hong Kong and Shanghai Banking Corporation v NewOcean Energy Holdings Limited
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Court of Appeal (Civil Division) on appeal from the Supreme Court of Bermuda
Civil/Commercial Law
SIR CHRISTOPER CLARKE GEOFFREY BELL ANTHONY SMELLIE
Keith Robinson Carey Olsen Bermuda Limited
Kevin Taylor Walkers (Bermuda) Limited
FACTS OF THE CASE:
Dispute over adjournment of winding up proceedings and continuation of Amended Light Touch Order versus immediate winding up based on petition filed by HSBC
SUMMARY:
Whether the Supreme Court erred in its discretion to adjourn winding up proceedings and continue Amended Light Touch Order
OUTCOMES:
Winding up of NewOcean Energy Holdings Ltd ordered provisional liquidators to continue with granted powers
RULED IN FAVOUR OF:
Appellant (HSBC)
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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Download Case Summary:
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