Examples of Constellation Overseas in a sentence
Number of Parking Spaces – The numerical parking requirements for each use set forth in the above schedule are both the minimum and the maximum requirement.
Constellation Overseas is incorporated in the BVI and has registered office in the BVI.
Based upon the Court’s foregoing findings of fact related to Constellation Overseas and the most relevant COMI factors, discussed below, the Court finds that Contellation Overseas’ COMI is located in Brazil as a matter of law.
We refer also to a deed of undertaking dated 30 July 2007 as amended and supplemented from time to time (the “Deed of Undertaking”) made between Xxxxxxx Xxxxxx Óleo e Gás S.A. and Constellation Overseas Ltd.
Constellation Overseas is the sole owner of Lone Star, Gold Star, Olinda Star, Snover, and Alpha Star.
Essentially, the Court is asked, with respect to Constellation Overseas, to choose between the importance of high-level management or the location of the management of the generation of actual positive cash flows (as opposed to debt incursion) for the group of companies.
Constellation Overseas has a primary interest in the operational business activities of the Constellation Group, which are almost exclusively centered in Brazil and, therefore, is greatly impacted by Brazil’s regulations and laws.
In its proposed findings of fact, where it argues that all Chapter 15 Debtors other than Petróleo Constellation have a Luxembourg COMI, Alperton asserts:The fact that each of Constellation Overseas, the Drillship Subsidiaries and Snover has the same sole director illustrates that the decision making for these entities is not done at the Drillship Subsidiary or the Constellation Overseas levels.
For example, section 4.8 of each of the Shareholders’ Agreements states that each of Constellation Overseas and Alperton will cause the directors each appoints to act in the best interests of each Disputed Company (as opposed to the best interests of the Constellation Group as a whole).
Through this action, Petitioners seek limited relief from this Court to preserve the integrity of an ongoing International Chamber of Commerce (“ICC”) arbitration seated in New York between Petitioners, four privately held Brazil-based companies, and Constellation Overseas Ltd.