Fairfield Sentry Limited (“Sentry”) and Alfred Migani et al (the “PI Defendants”) both applied for conditional leave to Appeal to the Privy Council against a judgment of the Court of Appeal on issues pertaining to the interpretation of Article 11 of Sentry’s Articles of Association and whether the PI Defendants had given good consideration on surrendering their shares. Sentry’s application for conditional leave to appeal was made out of time. It therefore sought to argue that the Court of Appeal could extend time in accordance with its inherent jurisdiction and in any event that since the Appeal was as of right, leave to appeal was not necessary.
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Fairfield Sentry Limited (In Liquidation) -v- Alfred Migani et al (HCVAP 2011/041-052, HCVAP 2011/054-056, HCVAP 2011/058-062)