3/31/2014
START DATE
END DATE
4/10/2014
Agrenco Limited v. Credit Suisse Brazil (Bahamas) Limited
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Supreme Court of Bermuda
COMMERCIAL LIST
IAN R.C. KAWALEY CJ
Mr. Ben Adamson (Conyers Dill and Pearman Limited)
Mr. Martin Ouwehand (Appleby (Bermuda) Limited)
FACTS OF THE CASE:
Credit Suisse's statutory demand for US$50 million against Agrenco for a guarantee related to a subsidiary's credit agreement breach subsequent litigation and insolvency issues
SUMMARY:
Validity and enforceability of the statutory demand applicability of New York law to the dispute the Company's solvency and legitimacy of cross-claims
OUTCOMES:
Injunction discharged costs awarded to Credit Suisse
RULED IN FAVOUR OF:
Credit Suisse
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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