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Judgment

Watler Holdings Ltd., Frank Sound Estate Ltd., Red Bay Estates Ltd., In the matters of

FSD 0090 TO 0092 OF 2010 · 2016-Apr-28

Company Law - Vehicle for distribution of family estate property to sole shareholders - Winding Up Order By Consent - Agreement in Principle that Land to be distributed by Liquidators pursuant to a Scheme of Distribution to be settled- Schemes agreed by two Shareholders, objected to by one - No unanimity after years of Liquidation - Application for Further Directions or Variation so as to sell Land allowing for purchase by any Shareholder wishing to bid True nature of Winding-Up Order

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