King Bun v Lau (2021, BVI Commercial Court)
Judgment Date: 11 Aug 21
David Mumford QC and Thomas Munby (with Hugo Leith of Brick Court) act for the State of Qatar in proceedings in the Commercial Court against Banque Havilland SA (the “Bank”). In an important decision on 30 July 2021, David Edwards QC (sitting as a Judge of the High Court) made a number...
This is the first reported decision on costs relating to an application under s.133 of the Insolvency Act 1986 and is of relevance to creditors considering making a request under s.133, and to liquidators of companies which are the subject of a s.133 application. Mr Deuss was CEO and beneficial owner...
As a general principle, a company may make “distributions” to shareholders out of profits available for the purpose, but not out of capital. The circumstances in which a company may properly make distributions to its shareholders are governed by two sets of rules: those in Part 23 of the Companies Act 2006,...
Appearing for majority shareholder on 4-day costs and consequentials hearing including determination of costs liability where petitioner had failed to establish some allegations in unfair prejudice petition.