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January 13 2012

START DATE

END DATE

January 16 2012

ANNUTY & RE LIFE LTD v. KINGBOARD CHEMICAL HOLDINGS LIMITED et al.

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

The Supreme Court of Bermuda Civil Jurisdiction Commercial Court

COMMERCIAL COURT

KAWALEY J

John Riihiluoma Martin Ouwehand

Jeffrey Elkinson Ben Adamson

FACTS OF THE CASE:

Complaints about management failing to honor IPO Prospectus representations and uncommercial terms of the Harvest License Agreement leading to the circumvention of minority shareholders' rights

SUMMARY:

Issues of corporate governance minority shareholder rights and unfair business practices

OUTCOMES:

Paragraphs 46 to 47 struck-out remainder of the strike-out application dismissed

RULED IN FAVOUR OF:

Plaintiff/Claimant

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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ANNUTY & RE LIFE LTD v. KINGBOARD CHEMICAL HOLDINGS LIMITED et al.

Complaints about management failing to honor IPO Prospectus representations and uncommercial terms of the Harvest License Agreement leading to the circumvention of minority shareholders' rights

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