9/27/2016

START DATE

END DATE

18-Nov-16

THE CORPORATION OF HAMILTON v. MEXICO INFRASTRUCTURE FINANCE LLC

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

Supreme Court of Bermuda

COMMERCIAL COURT CIVIL JURISDICTION

Hellman J

Michael J Beloff QC Ronald H Myers

Lord Pannick QC Robin J Mayor

FACTS OF THE CASE:

Corporation guaranteed $18M loan for hotel development deemed ultra vires

SUMMARY:

Whether corporation had authority to guarantee loan enforceability of guarantee

OUTCOMES:

Consent Order set aside ruling in favor of Corporation

RULED IN FAVOUR OF:

Plaintiff/Claimant

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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