November 18 2014
START DATE
END DATE
November 18 2014
IN THE MATTER OF PETROPLUS FINANCE 2 LTD
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
The Supreme Court of Bermuda
WINDING UP JURISDICTION COMMERCIAL COURT
IAN RC KAWALEY CJ
Lesley Basden
Not explicitly mentioned
FACTS OF THE CASE:
The Official Receiver and Provisional Liquidator applied for court directions regarding the first Meeting of Creditors specifically the validity of resolutions passed including the appointment of a single creditor Wilmington Trust as a Committee of Inspection
SUMMARY:
Whether a committee of inspection under Bermuda law can consist of a single creditor
OUTCOMES:
Ruling against the formation of a committee of inspection consisting of a single creditor emphasizing statutory interpretation and the intention behind relevant legislative provisions
RULED IN FAVOUR OF:
Neither Plaintiff/Claimant nor Defendant but clarification on legal process and statutory interpretation
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
Join our pro membership and get all the details at your finger tips
Want to see full case details, including key arguments and claims? [Join Pro Membership] to unlock exclusive insights.
Discover the legal strategies and defenses used in this case. [Join Pro Membership] for full access.
How long did this legal battle last, and what key events happened? [Join Pro Membership] to find out.
Uncover the critical legal principles debated in this case. [Join Pro Membership] for in-depth analysis.
See why this case matters in Banking, Mortgages, and Financial Services. [Join Pro Membership] to explore its impact.
Find out the final judgment and its legal implications. [Join Pro Membership] to access the ruling.
Understand how this judicial ruling sets a precedent in law. [Join Pro Membership] for expert breakdowns.
See how past legal precedents influenced this case. [Join Pro Membership] to unlock the list.
Download Case Summary:
Explore:
EPHESIANS 6:16
PT Satria Tirtatama Energindo v. East Asia Company Limited and Bali Energy Limited
2016
RE: C (VARIATION OF ACCESS ORDER)
2015
In the Matter of IPOC Capital Partners Limited and others
2007
Hindsight law can make mistakes. Consider checking original case studies