Aug 2014
BERMUDA
SUPREME COURT
COMPANY LAW – DECLARATORY RELIEF – INTERIM INJUNCTION – REMOVAL OF DIRECTORS – SERIOUS ISSUE TO BE TRIED – BALANCE OF CONVENIENCE
The Plaintiff in this case is seeking a declaration that a lawfully convened special general meeting (“SGM”) of the Defendant company was held on 1 August 2014 and that various resolutions were validly passed thereat; most significantly, resolutions that removed or purportedly removed certain directors and appointed new directors. For the purposes of this hearing, the Plaintiff sought interim injunctive relief (to restrain the Defendant Board members the Plaintiff contends were validly removed, from purporting to act on behalf of the Company).