2/26/2020
START DATE
END DATE
3/10/2020
Centaur Ventures Ltd. v. Akash Garg
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Supreme Court of Bermuda
COMMERCIAL JURISDICTION
Hon. Chief Justice Hargun
Mr Richard Horseman (Wakefield Quin Limited)
Mr Ben Adamson (Conyers Dill & Pearman)
FACTS OF THE CASE:
Centaur Ventures Ltd. provided two loans to Akash Garg which he failed to repay. Garg claimed the loans were either dividends or waived which Centaur disputed.
SUMMARY:
Whether Garg's failure to repay the loans constituted a breach of the agreements and whether the loans were waived or constituted dividends.
OUTCOMES:
Judgment in favor of Centaur Ventures Ltd. for the principal amount of US$1.1 million plus interest.
RULED IN FAVOUR OF:
Plaintiff/Claimant
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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