ARC Capitals LLC & Haida Investment Ltd v Asis Pacific Ltd [2013] CIFsd 6 (15 February 2013)

ARC Capitals LLC & Haida Investment Ltd v Asis Pacific Ltd [2013] CIFsd 6 (15 February 2013)

The court found that Asis Pacific Ltd failed to fulfill its contractual obligations, resulting in liability for damages.

Citation
[2013] CIFsd 6
Parties
Applicant: ARC Capitals LLC; Applicant: Haida Investment Ltd; Respondent: Asis Pacific Ltd
Jurisdiction
Cayman Islands
Judgment Date
15 February 2013
Procedural Posture
Commercial Dispute / Judgment
Outcome
judgment for applicants
Legal Topics
Financial Services, Investment Dispute

Case Brief

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Parties

ARC Capitals LLC

Applicant

Haida Investment Ltd

Applicant

Asis Pacific Ltd

Respondent

Procedural Posture

Commercial Dispute / Judgment

  1. 1 whether Asis Pacific Ltd breached contractual obligations to ARC Capitals LLC and Haida Investment Ltd

Ratio Decidendi

The court found that Asis Pacific Ltd failed to fulfill its contractual obligations, resulting in liability for damages.

Court Disposition

judgment for applicants

Orders

  • Asis Pacific Ltd to pay damages to ARC Capitals LLC and Haida Investment Ltd