United Kingdom Privy Council to hear Madoff feeder fund appeal
In September 2011, the British Virgin Islands (BVI) Commercial Court held that investors in Fairfield Sentry Limited (in liquidation) (Sentry), a feeder fund for Bernard L Madoff Investment Securities Limited (BLMIS), could not be forced to repay money received from the redemption of their shares in Sentry prior to its liquidation…
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Effective 1 December 2015, the British Virgin Islands Registry of Corporate Affairs will be offering premium services.
The Supreme Court has now “clarified”, in reality re-formulated, the applicable test for determining whether a particular contractual provision should be struck down as being a penalty.