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3/1/2011

START DATE

END DATE

18-Mar-11

Teyseer Contracting Co. WLL v. Mr. Munib Masri & Others

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

The Court of Appeal for Bermuda

Contract law Receivership International law

Edward Zacca Anthony Evans Scott Baker

Victor Lyon QC; Peter Dunlop

Mr. Beltrami Mr. Ben Adamson Ms. Nicole Tovey Mr. D. Kessaram Andrew Martin

FACTS OF THE CASE:

Dispute over enforcement of judgment debts exceeding $50 million against CCIC jointly owned contract revenues with Teyseer from a project in Qatar legal and jurisdictional complexities involving multiple countries and laws

SUMMARY:

Jurisdiction to appoint a receiver entitlement to joint contract revenues validity of receivership against joint debts relevance of Swiss law to joint venture agreement

OUTCOMES:

Receivership order not set aside affirmed jurisdiction of Bermudian court allowed further investigation by the receiver

RULED IN FAVOUR OF:

Defendant

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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Teyseer Contracting Co. WLL v. Mr. Munib Masri & Others

Dispute over enforcement of judgment debts exceeding $50 million against CCIC jointly owned contract revenues with Teyseer from a project in Qatar legal and jurisdictional complexities involving multiple countries and laws

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