In the matter of Re Trina Solar Limited - Interim Payments Judgment [2024] CIFsd 94 (09 August 2024)

In the matter of Re Trina Solar Limited - Interim Payments Judgment [2024] CIFsd 94 (09 August 2024)

The court found that the applicant had established a strong prima facie case and that it was just and equitable to order an interim payment in the circumstances, subject to safeguards to protect the respondent's position.

Source-derived case information.

Citation
[2024] CIFsd 94
Parties
Applicant: Trina Solar Limited
Jurisdiction
Cayman Islands
Judgment Date
09 August 2024
Procedural Posture
Interim Payment Application / Judgment on Interim Payment
Outcome
interim payment granted
Legal Topics
Interim Payments, Costs, Shareholder Disputes
Company Law Civil Procedure Interim Payments Costs Shareholder Disputes

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Parties

Trina Solar Limited

Applicant

Procedural Posture

Interim Payment Application / Judgment on Interim Payment

Legal Issues

  1. 1 Whether the applicant is entitled to an interim payment pending final determination of the substantive dispute
  2. 2 Appropriate quantum for interim payment

Ratio Decidendi

The court found that the applicant had established a strong prima facie case and that it was just and equitable to order an interim payment in the circumstances, subject to safeguards to protect the respondent's position.

Court Disposition

interim payment granted

Orders

  • The respondent shall pay the applicant an interim payment of USD 2,000,000 within 14 days.
  • Costs of the application are reserved.