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3/6/2017

START DATE

END DATE

3/24/2017

KINGBOARD CHEMICAL HOLDINGS ET AL. vs. ANNUITY & LIFE REASSURANCE LTD ET AL.

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

The Court of Appeal for Bermuda

Corporate Law

Baker President Bell JA Clarke JA

Mr William Wong QC and Mr Jeffrey Elkinson/Mr Ben Adamson for the Appellants

Mr Jan Woloniecki for the Respondent

FACTS OF THE CASE:

Dispute over unfairly prejudicial conduct and interested person transactions within a corporate structure involving transfer pricing and licensing agreements

SUMMARY:

Whether the affairs of a publicly listed company were conducted in an unfairly prejudicial manner and the legality of licensing agreements following the veto of a shareholder mandate

OUTCOMES:

Ruling in favor of the respondent finding the conduct of the appellants as oppressive and unfairly prejudicial

RULED IN FAVOUR OF:

Respondent

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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KINGBOARD CHEMICAL HOLDINGS ET AL. vs. ANNUITY & LIFE REASSURANCE LTD ET AL.

Dispute over unfairly prejudicial conduct and interested person transactions within a corporate structure involving transfer pricing and licensing agreements

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