5/27/2009

START DATE

END DATE

5/29/2009

Validus Holdings Ltd. v. IPC Holdings Ltd. and Max Capital Group Ltd.

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

Supreme Court of Bermuda

Commercial Law

Richard Ground

Michael Todd Q.C. John Riihiluoma

Robert Hildyard Q.C. Andrew Martin David Chivers Q.C. Christian Luthi

FACTS OF THE CASE:

Bid by Validus to acquire IPC opposed by IPC's board Validus's minor shareholding proposed scheme of arrangement under Companies Act 1981

SUMMARY:

Jurisdiction to sanction scheme validity of hostile bid shareholder support board's opposition

OUTCOMES:

Dismissal no meeting ordered

RULED IN FAVOUR OF:

Against Plaintiff (Validus Holdings Ltd.)

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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