Examples of Bermuda Court in a sentence
On 14 February 2014 (Bermuda time), the powers of the JPLs were varied by the Bermuda Court.
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 7 March 2014 (Bermuda time), the Bermuda Court ordered that the Company be permitted to enter into the unsecured loan agreement with Fame Dragon International Investment Limited (“Fame Dragon”) in relation to the provision of an unsecured loan by Fame Dragon to the Company.
On 18 October 2013 (Bermuda time), the Bermuda Court ordered the appointment of Mr. Garth Calow and Ms. Alison Tomb, both of PricewaterhouseCoopers, as the joint provisional liquidators (“JPLs”) of the Company with limited powers.
The JPLs were granted further powers pursuant to the Order of the Bermuda Court dated 28 April 2017.
On 6 May 2016, Credit Suisse AG, Singapore Branch presented the petition in the Bermuda Court to wind up the Company under 2016 No. 183.
On 16 August 2017, a recognition order was granted in the Hong Kong Court that the orders of the Bermuda Court dated 7 October 2016 and 28 October 2016 be recognised by the Hong Kong Court in respect of the appointment and powers of JPLs. The winding-up petition hearing in Hong Kong was adjourned several times up to the date of the approval of the financial statements.
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.