Judgment
In the matter of Virginia Solution SPC Ltd between Valley Health System v Augusta Healthcare Inc - Judgment
[2022] CIGC (FSD) 5
· FSD 0005/2020 (MRHJ) · 2022-02-10
Companies - Winding Up - Just and equitable ground - Two Member Captive Insurance Company - Whether Company a corporate quasi-partnership - Whether legitimate expectation that dividends will be paid according to Participation Agreement - Whether irretrievable breakdown of trust and confidence between Members - Clean Hands - Whether functional deadlock of Company - s 92(e) Companies Act (2021 Revision) - Chu v Lau (JCPC). Company Law; Insolvency and Restructuring; Equity and Remedies; Insurance and Captive Structures
Full metadata
| Neutral Citation | [2022] CIGC (FSD) 5 |
|---|---|
| Cause Number | FSD 0005/2020 (MRHJ) |
| Court | CIGC (FSD) |
| Judge | Ramsay-Hale J |
| Parties | In the matter of Virginia Solution SPC Ltd between Valley Health System v Augusta Healthcare Inc - Judgment |
| Judgment Date | 2022-02-10 |
| Subject | Companies - Winding Up - Just and equitable ground - Two Member Captive Insurance Company - Whether Company a corporate quasi-partnership - Whether legitimate expectation that dividends will be paid according to Participation Agreement - Whether irretrievable breakdown of trust and confidence between Members - Clean Hands - Whether functional deadlock of Company - s 92(e) Companies Act (2021 Revision) - Chu v Lau (JCPC). Company Law; Insolvency and Restructuring; Equity and Remedies; Insurance and Captive Structures |
| Filename (current) | 22-02-10-Valley-Health-System-v-Augusta-Healthcare-Inc.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 219(6), 223, 92(e), 95(1), 95(3) | 11 |
| Insurance Act | — | 1 |
The full text of this document is available to readers on this page. It is not served to automated crawlers.