September 9-11, 14-16, 18, 2015
START DATE
END DATE
November 10 2015
Annuity & Life Reassurance Ltd v. (1) Kingboard Chemical Holdings Limited (2) Jamplan (BVI) Limited (3) Kingboard Laminates Holdings Limited (4) Excel First Investment Limited (5) Kingboard Copper Foil Holdings Limited
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
The Supreme Court of Bermuda
Commercial Court
N/A
Mr. Jan Woloniecki Mr. Shannon Dyer ASW Law Limited
Mr. William Wong SC of counsel Mr. Jeffrey Elkinson Conyers Dill & Pearman Limited
FACTS OF THE CASE:
The case concerns allegations of unfairly prejudicial conduct towards a minority shareholder by the management of Kingboard Copper Foil Holdings Limited leading to legal action under section 111 of the Companies Act 1981. The dispute centers on the management's failure to adhere to promises regarding the conduct of business with related parties significantly affecting the minority shareholder's interests
SUMMARY:
Unfairly prejudicial conduct failure to adhere to promises made to minority shareholders. Outcomes: Legal determination of what constitutes unfair prejudice under section 111 of the Companies Act 1981
OUTCOMES:
N/A
RULED IN FAVOUR OF:
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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Annuity & Life Reassurance Ltd v. (1) Kingboard Chemical Holdings Limited (2) Jamplan (BVI) Limited (3) Kingboard Laminates Holdings Limited (4) Excel First Investment Limited (5) Kingboard Copper Foil Holdings Limited
The case concerns allegations of unfairly prejudicial conduct towards a minority shareholder by the management of Kingboard Copper Foil Holdings Limited leading to legal action under section 111 of the Companies Act 1981. The dispute centers on the management's failure to adhere to promises regarding the conduct of business with related parties significantly affecting the minority shareholder's interests