4/4/2014
START DATE
END DATE
23-Apr-14
In the Matter of LAEP Investments Ltd
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Supreme Court of Bermuda
COMMERCIAL COURT COMPANIES (WINDING UP)
Hellman J
John Wasty Henry Tucker (Appleby (Bermuda) Limited)
Nicole Tovey (Trott & Duncan) David Kessaram (Cox Hallett Wilkinson Limited for the Joint Provisional Liquidators)
FACTS OF THE CASE:
The court considered a winding up order for LAEP Investments Ltd focusing on terms related to the Joint Provisional Liquidators' security and the petitioner's undertaking in damages
SUMMARY:
Appropriateness of security for costs and an undertaking in damages by the petitioner
OUTCOMES:
Winding up order made without requiring security for costs or an undertaking in damages
RULED IN FAVOUR OF:
winding up the company
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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