July 4 2016
START DATE
END DATE
November 4 2016
IN THE MATTER OF UP ENERGY DEVELOPMENT GROUP LIMITED-IN PROVISIONAL LIQUIDATION (FOR RESTRUCTURING PURPOSES)
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
SUPREME COURT OF BERMUDA (COMMERCIAL COURT)
COMPANIES (WINDING-UP)
IAN RC KAWALEY CJ
Keith Robinson Appleby (Bermuda) Limited
Christian Luthi Conyers Dill & Pearman Limited; Alsha Wilson Harneys Bermuda Limited; Kevin Taylor Nicole Tovey Taylors
FACTS OF THE CASE:
Dispute over the appointment of JPLs to oversee restructuring of insolvent company divisions among creditors regarding trust in company management and proposed JPLs appointment of one nominee from petitioner and two from company to ensure impartial oversight of restructuring
SUMMARY:
Whether to appoint JPLs to supervise restructuring choice of JPLs to balance independence and effective management collaboration
OUTCOMES:
Appointment of one nominee from petitioner and two from company as JPLs division of labor among JPLs to respect jurisdictional primary carriage and ensure impartial restructuring process oversight
RULED IN FAVOUR OF:
Balanced in favor of both petitioner and company to facilitate impartial restructuring oversight
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
Join our pro membership and get all the details at your finger tips
Want to see full case details, including key arguments and claims? [Join Pro Membership] to unlock exclusive insights.
Discover the legal strategies and defenses used in this case. [Join Pro Membership] for full access.
How long did this legal battle last, and what key events happened? [Join Pro Membership] to find out.
Uncover the critical legal principles debated in this case. [Join Pro Membership] for in-depth analysis.
See why this case matters in Banking, Mortgages, and Financial Services. [Join Pro Membership] to explore its impact.
Find out the final judgment and its legal implications. [Join Pro Membership] to access the ruling.
Understand how this judicial ruling sets a precedent in law. [Join Pro Membership] for expert breakdowns.
See how past legal precedents influenced this case. [Join Pro Membership] to unlock the list.
Download Case Summary:
Explore:
EPHESIANS 6:16
PT Satria Tirtatama Energindo v. East Asia Company Limited and Bali Energy Limited
2016
RE: C (VARIATION OF ACCESS ORDER)
2015
In the Matter of IPOC Capital Partners Limited and others
2007
Hindsight law can make mistakes. Consider checking original case studies
IN THE MATTER OF UP ENERGY DEVELOPMENT GROUP LIMITED-IN PROVISIONAL LIQUIDATION (FOR RESTRUCTURING PURPOSES)
Dispute over the appointment of JPLs to oversee restructuring of insolvent company divisions among creditors regarding trust in company management and proposed JPLs appointment of one nominee from petitioner and two from company to ensure impartial oversight of restructuring