3/24/2016
START DATE
END DATE
27-Jun-16
Capital Partners Securities Co. Ltd v Sturgeon Central Asia Balanced Fund Ltd
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Supreme Court of Bermuda
Commercial Law
IAN RC KAWALEY CJ
Mark Diel Katie Tornari Marshall (Diel & Myers Limited)
Steven White (Cox Hallett Wilkinson Limited)
FACTS OF THE CASE:
Plaintiff sought rectification of the Fund's share register to reflect transfer of shares to CPS initially to wind up the Defendant. The Defendant delayed registering the transfer citing AML/KYC concerns. The court found Defendant's refusal after the statutory time limit unjustified and ordered rectification of the register.
SUMMARY:
rectification of share register compliance with AML/KYC laws. Outcomes: Order for rectification of share register costs payable by Defendant.
OUTCOMES:
RULED IN FAVOUR OF:
In Favour Of Plaintiff/Claimant
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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Capital Partners Securities Co. Ltd v Sturgeon Central Asia Balanced Fund Ltd
Plaintiff sought rectification of the Fund's share register to reflect transfer of shares to CPS initially to wind up the Defendant. The Defendant delayed registering the transfer citing AML/KYC concerns. The court found Defendant's refusal after the statutory time limit unjustified and ordered rectification of the register.