Examples of Bermuda Court in a sentence
The strike out application was heard in the Bermuda Court on 1 May 2013 (Bermuda time).
The Bermuda Court further ordered that the actual striking out of the SPHL Petition be adjourned to 23 July 2013 in order to facilitate the hearing of an application by Camden to be substituted as the petitioner (the “Camden Substitution Application”).
On 10 May 2013 (Bermuda time), the Bermuda Court handed down its ruling in relation to the Company’s application to strike out the SPHL Petition and found that it would exercise its discretion to strike out the SPHL Petition (the “10 May Decision”).
On 14 February 2014 (Bermuda time), the powers of the JPLs were varied by the Bermuda Court.
Subsequently, SPHL made an application to the Bermuda Court for leave to appeal the 10 May Decision (the “SPHL Leave Application”).
The Company made an application to the Bermuda Court to strike out the SPHL Petition on the grounds that SPHL is not a creditor or contributory of the Company and/or has no interest in such a winding up of the Company and/or the proceedings are an abuse of process.
On 6 May 2016, Credit Suisse AG, Singapore Branch presented a petition before the Bermuda Court to wind up the Company under Companies (Winding-up) 2016 No. 183 based on a purported debt of at least $150,000,000 due under certain convertible notes issued by the Company.
On 5 November 2014 (Bermuda time), the Creditors’ Scheme was sanctioned by the Bermuda Court.
The SPHL Petition was subsequently struck out by the Bermuda Court, and KTL Camden Inc.
On 12 December 2013, the Company made an application to the Bermuda Court for the discharge of the JPLs appointed to the Company on 18 October 2013 (the “Discharge Application”).