11/25/2015

START DATE

END DATE

1/29/2016

Cornhill Natural Resources Fund Limited v. Libyan Investment Authority and HSBC Securities Services (Luxembourg) SA

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

Supreme Court of Bermuda

COMMERCIAL LAW

Hellman J

Ben Adamson

John Wasty Henry Tucker

FACTS OF THE CASE:

Legal interpretation of sanctions regime asset freezing

SUMMARY:

Maud v Libyan Investment Authority

OUTCOMES:

The Fund sought court guidance on redemption request processing amidst sanctions LIA argued shares not frozen or license unnecessary

RULED IN FAVOUR OF:

Legal interpretation of the OT Order redemption process and frozen assets under sanctions law

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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