Global Distressed Alpha Capital I Ltd. v. AAAF Management Ltd. et al: Judgment

    Judgment regarding defendants’ application to set aside the plaintiff’s claim on the grounds of “bye-law indemnity” for directors in Global Distressed Alpha Capital I Limited, of Bermuda v. AAAF Management Limited, Michael John Shone, described as “a former director and shareholder of the Plaintiff” and funder of “the Commercial Intelligence Fund Group” who “has absconded and his whereabouts are not known”; Christian Michelsen Herman, described as a former director of the plaintiff, and Walton Law Eddlestone, described as a former “de facto director of the Plaintiff” and who appears to be an English lawyer, at Bermuda Supreme Court.

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    October 13, 2021
    AAAF Management Ltd., Michael John Shone, Christian Michelsen Herman, Walton Law Eddlestone
    Narinder Hargun
    Gregory Banner QC, Lilla Zuill, Zuill & Co.
    Xx Xx Xx
    Global Distressed Alpha Capital I Limited