1/3/2023
START DATE
END DATE
4/21/2023
Tatung Company v. Chunghwa Picture Tubes Limited
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Supreme Court of Bermuda
CIVIL JURISDICTION
The Hon. Chief Justice Hargun
Matthew Hardwick KC and Jonathan O'Mahony
Thomas Raphael KC and Sam Stevens
FACTS OF THE CASE:
Tatung initiated proceedings against CPT over a financial agreement and guarantees seeking to enforce security interests in CPT Bermuda shares after CPT's default on loans. Interveners claiming against CPT due to a CRT cartel claim sought to intervene based on rights from a Writ they obtained. The court examined joinder principles the nature of shares as personal property and the authority of writs of fieri facias in Bermuda
SUMMARY:
Claims of financial agreement and enforcement of security intervention rights based on writ
OUTCOMES:
Interveners' joinder granted detailed examination of legal principles regarding share seizure and enforcement rights
RULED IN FAVOUR OF:
Interveners
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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Tatung Company v. Chunghwa Picture Tubes Limited
Tatung initiated proceedings against CPT over a financial agreement and guarantees seeking to enforce security interests in CPT Bermuda shares after CPT's default on loans. Interveners claiming against CPT due to a CRT cartel claim sought to intervene based on rights from a Writ they obtained. The court examined joinder principles the nature of shares as personal property and the authority of writs of fieri facias in Bermuda