11/17/2015

START DATE

END DATE

12/11/2015

Royal Chemie International Ltd v. Barclays Bank PLC & Erste Abwicklungsanstalt

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

Supreme Court of Bermuda

Commercial Law

IAN RC KAWALEY CJ

Narinder Hargun Robin Mayor

Rod Attride-Stirling Kehinde George

FACTS OF THE CASE:

Dispute over the enforceability of a winding-up petition based on statutory demands under a syndicated loan agreement

SUMMARY:

Legal interpretation of the Facility Agreement rights of Majority Lenders versus individual lenders abuse of process in winding-up petition

OUTCOMES:

Set aside the Ex Parte Injunction granted on October 30 2015

RULED IN FAVOUR OF:

Defendant

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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