May 17 2010
START DATE
END DATE
June 11 2010
WESTPORT TRUST COMPANY LIMITED v. PARAGON TRUST LTD C-HOLDINGS LTD CARL PAIVA
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
The Supreme Court of Bermuda
Commercial Court
KAWALEY J
David Kessaram Cox Hallett Wilkinson
Timothy Marshall Marshall Diel & Myers
FACTS OF THE CASE:
Wilson and Paiva founded the Company and guaranteed bank loans. Wilson was removed from Boards claimed as wrongful by Wilson.
SUMMARY:
Appropriateness of corporate respondent's use of funds in minority shareholder oppression petition whether the Company should participate in the dispute actively using its funds.
OUTCOMES:
Injunction granted to prevent the Second Respondent from using its funds to defend the petition allowing participation if relief against the Company is sought.
RULED IN FAVOUR OF:
Plaintiff/Claimant
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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