Two of the judgments given yesterday by the Judicial Committee of the Privy Council (in concurrent appeals from the Court of Appeal of Bermuda) concerned insolvency law: PricewaterhouseCoopers v Saad Investments Company Ltd (Bermuda) [2014] UKPC 35 and Singularis Holdings Ltd v PricewaterhouseCoopers (Bermuda) [2014] UKPC 36. A summary for each decision is available: see, respectively, here (pdf) and here (pdf).
In the first case, the committee considered, amongst other things, issues of jurisdiction in respect of the winding-up of a company incorporated in the Cayman Islands. In the latter case, the court considered the power of the Bermudan court at common law to assist a foreign liquidation.
Tuesday, 11 November 2014
UK/Bermuda: JCPC judgments - insolvency law - jurisdiction issues and assisting a foreign liquidation
Two of the judgments given yesterday by the Judicial Committee of the Privy Council (in concurrent appeals from the Court of Appeal of Bermuda) concerned insolvency law: PricewaterhouseCoopers v Saad Investments Company Ltd (Bermuda) [2014] UKPC 35 and Singularis Holdings Ltd v PricewaterhouseCoopers (Bermuda) [2014] UKPC 36. A summary for each decision is available: see, respectively, here (pdf) and here (pdf).
In the first case, the committee considered, amongst other things, issues of jurisdiction in respect of the winding-up of a company incorporated in the Cayman Islands. In the latter case, the court considered the power of the Bermudan court at common law to assist a foreign liquidation.
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