Judgment
In the Matter of Abraaj Holdings (in Official Liquidation) and Abraaj Investment Management Limited (in Official Liquidation) - Reasons for Decision
FSD 0095/2018 (IKJ) · 2023-10-23
Sanction of compromise between liquidators of related companies-intercompany claims- governing principles. Court sanction of intercompany settlement in liquidation; Deference to liquidators’ commercial judgment; Assessment of reasonableness of compromise of disputed claims. Insolvency; Company Law; Civil Procedure
Full metadata
| Cause Number | FSD 0095/2018 (IKJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Kawaley J |
| Parties | In the Matter of Abraaj Holdings (in Official Liquidation) and Abraaj Investment Management Limited (in Official Liquidation) - Reasons for Decision |
| Judgment Date | 2023-10-23 |
| Subject | Sanction of compromise between liquidators of related companies-intercompany claims- governing principles. Court sanction of intercompany settlement in liquidation; Deference to liquidators’ commercial judgment; Assessment of reasonableness of compromise of disputed claims. Insolvency; Company Law; Civil Procedure |
| Filename (current) | 23-10-23-In-the-Matter-of-Abraaj-Holdings-and-Abraaj-Investment-Management-Limited-Reasons-for-Decision.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | — | 1 |
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