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11/29/2007

START DATE

END DATE

12/6/2007

IPOC International Growth Fund Limited and Others

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

Supreme Court of Bermuda

Commercial Court Companies (Winding-Up)

Kawaley J.

Kulandra Ratneser Susan Davis-Crockwell

Mark Diel Jeffrey Elkinson Ben Adamson David Kessaram Rod Attride-Stirling Nathaniel Turner

FACTS OF THE CASE:

Complex international dispute over the MegaFon Stake involving multiple companies and jurisdictions with allegations of money laundering and criminal activity

SUMMARY:

Validity of Master Settlement Agreement appointment of provisional liquidator public policy concerns related to settlement clause

OUTCOMES:

Validation applications granted provisional liquidator appointment dismissed

RULED IN FAVOUR OF:

Defendants (IPOC International Growth Fund Limited and Others)

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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IPOC International Growth Fund Limited and Others

Complex international dispute over the MegaFon Stake involving multiple companies and jurisdictions with allegations of money laundering and criminal activity

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