7/5/2019
START DATE
END DATE
7/5/2019
Athene Holding Ltd. v. Central Laborers Pension Fund
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Supreme Court of Bermuda
Civil Law
Hon. Chief Justice Hargun
Mr Kevin Taylor and Mr Benjamin McCosker
Not listed
FACTS OF THE CASE:
Athene sought an interim anti-suit injunction against CLPF to prevent further action in New York arguing that disputes should be resolved under Bermuda's exclusive jurisdiction clause in Athene's Bye-Laws. CLPF initiated a derivative action in New York against Athene's asset management alleging fiduciary duty breaches.
SUMMARY:
Whether CLPF's action in New York violates the exclusive jurisdiction clause of Athene's Bye-Laws and if Bermuda is the appropriate forum for resolving the dispute.
OUTCOMES:
Grant of injunction and leave to serve emphasizing Bermuda as the proper forum for the dispute.
RULED IN FAVOUR OF:
Athene Holding Ltd.
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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Download Case Summary:
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Athene Holding Ltd. v. Central Laborers Pension Fund
Athene sought an interim anti-suit injunction against CLPF to prevent further action in New York arguing that disputes should be resolved under Bermuda's exclusive jurisdiction clause in Athene's Bye-Laws. CLPF initiated a derivative action in New York against Athene's asset management alleging fiduciary duty breaches.