5/26/2015
START DATE
END DATE
18-Jun-15
Mexico Infrastructure Finance LLC v. Par-La-Ville Hotel and Residences Ltd Michael MacLean Yasmin MacLean Shane Mora (as Trustee of the Skyline Trust) Matthew Hollis (as Trustee of the Skyline Trust)
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Supreme Court of Bermuda
Commercial Court Civil Jurisdiction
Hellman J
Narinder Hargun Robin J Mayor (Conyers Dill & Pearman)
Mark Daniels (Charter Chambers Ltd) Eugene L Johnston (J2 Chambers)
FACTS OF THE CASE:
Loan of $18 million from MIF to PLV for hotel development misuse of escrowed funds breach of trust
SUMMARY:
Whether PLV and its directors and trustees misappropriated loan funds validity of escrow and loan agreements application of funds
OUTCOMES:
Injunctions maintained against directors and trustees summary judgment against PLV for failure to repay loan
RULED IN FAVOUR OF:
Plaintiff (Mexico Infrastructure Finance LLC)
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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