10/29/2015

START DATE

END DATE

6/21/2016

Royal Chemie International Limited v Barclays Bank PLC and Erste Abwicklungsanstalt

COURT:

LAW:

JUDGE(S):

CLAIMANT'S LAWYER:

DEFENDANT'S LAWYER:

Supreme Court of Bermuda

COMMERCIAL COURT

IAN RC KAWALEY CJ

Narinder Hargun Robin Mayor

Rod Attride-Stirling Kehinde George

FACTS OF THE CASE:

Dispute over the right to present a winding-up petition based on statutory demands interpretation of Facility Agreement majority lenders' rights versus individual enforcement action

SUMMARY:

Whether respondents entitled to enforce independently interpretation of collective versus individual rights under the Facility Agreement

OUTCOMES:

Stay granted leave to appeal allowed

RULED IN FAVOUR OF:

Applicant

PLAINTIFF/CLAIMANT

DEFENDANT:

DURATION (DAYS):

ISSUES:

RELEVANCE:

RULING:

RULING TYPE:

CASES CITED:

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