4/13/2017
START DATE
END DATE
8/11/2021
Titan Petrochemicals Group Limited v. Sino Charm International Limited
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Court of Appeal (Civil Division) on appeal from Supreme Court of Bermuda
Commercial Law
THE PRESIDENT SIR CHRISTOPHER CLARKE JUSTICE OF APPEAL GEOFFREY BELL JUSTICE OF APPEAL SIR ANTHONY SMELLIE
Alexander Potts QC and Rhys Williams
Steven White and John McSweeney Kehinde George for the 5th Interested Party
FACTS OF THE CASE:
Titan failed to honor bond payments to Sino Charm leading to a winding-up petition based on alleged siphoned funds for bond purchase through fraudulent transactions
SUMMARY:
Validity of the bond issuance and alleged fraudulent transactions leading to winding-up petition
OUTCOMES:
Wound up under section 161(e) of the Companies Act 1981
RULED IN FAVOUR OF:
Defendant (Sino Charm International Limited)
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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