Conyers Dill & Pearman

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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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