Consolidated Resources Armenia -v- Global Gold and Others [2014] JRC 132 (18 June 2014)

Default judgment is refused because the joint venture company is deadlocked due to shareholder disputes, preventing a fair trial. Justice requires preservation of the status quo pending determination of relief under Articles 143 or 155 of the Companies (Jersey) Law 1991.

Citation: [2014] JRC 132
Parties: Plaintiff: Consolidated Resources; First Defendant: Joint Venture Company; Second Defendant: Mr Van Krikorian; Third Defendant: Global Gold
Jurisdiction: Jersey
Judgment Date: 18 June 2014
Procedural Posture: Civil / Application for Default Judgment
Outcome: default judgment refused
Legal Topics: Joint Venture, Shareholder Disputes, Default Judgment, Injunctions, Unfair Prejudice, Winding Up

Company Law Contract Law Joint Venture Shareholder Disputes Default Judgment Injunctions Unfair Prejudice Winding Up

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Parties

Consolidated Resources

Plaintiff

Joint Venture Company

First Defendant

Mr Van Krikorian

Second Defendant

Global Gold

Third Defendant

Procedural Posture

Civil / Application for Default Judgment

Legal Issues

1 Whether default judgment should be granted against the joint venture company due to deadlock and failure to file an answer
2 Whether the internal deadlock between shareholders prevents a fair trial
3 Whether the plaintiff can enforce judgment in circumstances of deadlock

Ratio Decidendi

Court Disposition

default judgment refused

Orders

Status quo to be maintained pending determination of relief under Articles 143 or 155 of the Companies (Jersey) Law 1991