Arbitral Digest

Matter

Hermes One Limited v Everbread Holdings Ltd et al (BVI HC (COM) 2014/001)

  1. 6 March 2014British Virgin Islands

    6 March 2014British Virgin Islands

    Judgment of the Eastern Caribbean Supreme Court, High Court of Justice, Commercial Division in the case BVI HC (COM) 2014/001 dated 6 March 2014

    Eastern Caribbean Supreme Court, High Court of Justice, Commercial Division, British Virgin Islands

    Case no.
    BVI HC (COM) 2014/001
    Decision summary
    The Court dismissed the Applicants' application for a stay under section 6(2) of the Arbitration Act. It held that clause 19.5 of the shareholders agreement gave a party an option to submit a dispute to arbitration, rather than imposing a binding obligation to arbitrate, and therefore Hermes had not agreed to refer its claim to arbitration. The Court also rejected the estoppel objection to the Applicants' position.

    Supporting details

    6 authorities · 8 participants
    HERMES ONE LTD.
    Representative
    Mr Robert Nader (For: HERMES ONE LTD. · EVERBREAD HOLDINGS LTD.)
    EVERBREAD HOLDINGS LTD.
    Representative
    Mr Robert Nader (For: HERMES ONE LTD. · EVERBREAD HOLDINGS LTD.)
    ANZEN LTD.
    Representative
    Mr James Dixon (For: ANZEN LTD. · LUND3APS · TRAVELLAB GLOBAL AB)
    LUND3APS
    Representative
    Mr James Dixon (For: ANZEN LTD. · LUND3APS · TRAVELLAB GLOBAL AB)
    TRAVELLAB GLOBAL AB
    Representative
    Mr James Dixon (For: ANZEN LTD. · LUND3APS · TRAVELLAB GLOBAL AB)
    Eastern Caribbean Supreme Court, High Court of Justice, Commercial Division, British Virgin Islands

    Authorities cited

    6
    • Arbitration Act (Cap 6)
      statute
    • Insolvency Act, 2003
      statute
    • Jurisdiction and Arbitration Agreements and their Enforcement, 2nd ed. (Thomson, 2010)
      academic
    • Krys and ors v New World Value Fund Limited and ors (BVIHCV (COM) 2013/0026 (19 April 2013))
      case-law
    • OJSC Yuganreft v Abramovitch and ors ([2008] EWHC (Comm) 2613)
      case-law
    • Edwards v Aetna Life and Casualty (690 F.2d 595 (1982))
      case-law

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Hermes One Limited v Everbread Holdings Ltd et al (BVI HC (COM) 2014/001) · Matter