Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Local indemnity costs for abusive winding-up proceedings too lenient, Bermudian court says

By Kyriaki Karadelis

05 October 2017

Local indemnity costs for abusive winding-up proceedings too lenient, Bermudian court says The court described the parties' disputes as a "cat and mouse" legal battle iStock.com/zsv3207

A Bermudian court has called the local approach to indemnity costs for abusive winding-up proceedings “far too lenient” – but decided not to take a tougher stance with a creditor that pursued a private equity fund’s liquidation over an arbitral award whose enforcement had been stayed in Brazil.