Canine Legal Update
Legal Update

Canine Legal Update

So far, the court has dealt with four cases, two of which were heard by a single judge and completed within just a few weeks. A three-judge panel recently issued a judgment in the third case, whilst the fourth case remains ongoing, with an interim ruling given last week. The court notes that this compares favorably to the usual 3.5 year period from commencement to completion for commercial cases, citing Baker McKenzie's The Year Ahead 2020. The NCC expects its workload to increase as more contracts include clauses designating NCC as the forum for disputes. In this case, the court was no doubt assisted by the fact that the proposed change was designed to achieve the same ultimate outcome of the reorganisation, namely to provide the shareholders with shares in the new holding company with a nominal value of US$0.01 each. And it is worth noting that the on-going Covid-19…