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

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

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.

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