(26)%
Financial Services segment operating income was up 31 percent over prior year in the fourth quarter, primarily driven by a decrease in the provision for loan losses. Full year operating income was down due to increases in the provision for loan losses taken earlier in 2020.
Other Results
Cash - Cash and cash equivalents were $3.3 billion at the end of the year, compared to $834 million at the end of 2019. Harley-Davidson generated $1.2 billion of cash from operating activities in 2020 compared to $868 million in 2019.
Tax Rate - The company recorded an income tax benefit during 2020 driven by a pre-tax loss and favorable discrete income tax benefits recorded during the year.
striking out of pleadings; and
judgments in default of
acknowledgment of service or defence.
Early Judgment Applications
Can a party apply for (i) early judgment on some or all of the
issues in dispute, or (ii) the other party s case to be struck
out before trial or substantive hearing of the claim? What is the
timing, applicable procedure and legal standard for such
applications/motions?
Summary judgment
Both the plaintiff and the defendant can apply for summary
judgment on the other party s case under the provisions of
Order 14 of the Grand Court Rules. For the plaintiff this can be a
Price action over last quarter: Up 69.79%
Company Description
Cadence Bancorp is a bank holding company. The company provides commercial banking and mortgage finance services to businesses, high net worth individuals, business owners and retail customers. Its operating segment includes Banking, Financial Services, and Corporate. The company generates maximum revenue from the Banking segment. Its Banking Segment includes Commercial Banking, Retail Banking and Private Banking lines of business. The Financial Services Segment includes the Trust, Retail Brokerage, and Investment Services lines of business.
Introduction
Ensuring the effective enforcement of judgments is a crucial aspect of a successful litigation strategy. The Cayman Islands recognises that valid decisions made elsewhere should be as enforceable as domestic judgments. While the statutory regime for registration and enforcement has been extended to only some of the superior courts of Australia and its external territories, the Cayman courts are willing to consider extending assistance to all judgment creditors through the well-trodden common law route.
Additionally, rather than merely seeking recognition of a monetary judgment, a plaintiff may wish to consider direct recourse to insolvency proceedings or the holder of a non-monetary judgment may consider relief in aid of those foreign proceedings.
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