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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Briefings from Conyers Dill & Pearman
The offshore world has seen an increase in insolvency matters raising cross-border issues together with a clear trend of judicial inventiveness.
The Cayman government has published the Directors Registration and Licensing Bill 2014, which seeks to regulate directors of certain entities established in the Cayman Islands.