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Kenneth M. Krys And Johanna Lau (As Joint Liquidators Of Fairfield Sentry Limited, In Liquidation) -v- Stichting Shell Pension Funds HCVAP 2011/36

September 2012 Insolvency Winding Up Liquidation

BRITISH VIRGIN ISLANDS

COURT OF APPEAL

INSOLVENCY ACT - BVI APPEALS - SUBMITTING A CLAIM IN LIQUIDATION IS SUBMITTING TO THE JURISDICTION OF THE BVI COURT - INSOLVENCY RECOGNITION

In an important decision reflecting on the universality principle of one liquidation having effective cross border impact on the gathering of assets, the Court of Appeal allowed an appeal by the Liquidators of Fairfield Sentry (the largest fund investor into Madoff, and a BVI company) granting an anti-suit injunction against the Dutch Respondent restraining it from continuing Dutch proceedings based on pre-judgment garnishee orders obtained in Holland for the purpose of elevating Stichting Pension Funds (“Shell”) to a preferred creditor position over the general body of creditors.

 

To continue reading full articles in PDF format:
Kenneth M. Krys And Johanna Lau (As Joint Liquidators Of Fairfield Sentry Limited, In Liquidation) -v- Stichting Shell Pension Funds HCVAP 2011/36

 

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EDITOR & HEAD OF LITIGATION BERMUDA

Christian R. Luthi
Tel: +1 441 298 7814
Email: christian.luthi@conyersdill.com


Head of Litigation British virgin islands

Mark J. Forte
Tel: +1 284 852 1113
Email: mark.forte@conyersdill.com


Head of Litigation Cayman Islands

Paul Smith
Tel: +1 345 814 7777
Email: paul.smith@conyersdill.com


HEAD OF THE ASIA DISPUTES & RESTRUCTURING GROUP

Nigel K. Meeson, QC
Tel: +852 2842 9553
Email: nigel.meeson@conyersdill.com

Offshore Cases

Kenneth M. Krys And Johanna Lau (As Joint Liquidators Of Fairfield Sentry Limited, In Liquidation) -v- Stichting Shell Pension Funds HCVAP 2011/36

01 September 2012

BRITISH VIRGIN ISLANDS

COURT OF APPEAL

INSOLVENCY ACT - BVI APPEALS - SUBMITTING A CLAIM IN LIQUIDATION IS SUBMITTING TO THE JURISDICTION OF THE BVI COURT - INSOLVENCY RECOGNITION

In an important decision reflecting on the universality principle of one liquidation having effective cross border impact on the gathering of assets, the Court of Appeal allowed an appeal by the Liquidators of Fairfield Sentry (the largest fund investor into Madoff, and a BVI company) granting an anti-suit injunction against the Dutch Respondent restraining it from continuing Dutch proceedings based on pre-judgment garnishee orders obtained in Holland for the purpose of elevating Stichting Pension Funds (“Shell”) to a preferred creditor position over the general body of creditors.

 

To continue reading full articles in PDF format:
Kenneth M. Krys And Johanna Lau (As Joint Liquidators Of Fairfield Sentry Limited, In Liquidation) -v- Stichting Shell Pension Funds HCVAP 2011/36

 

 

EDITOR & HEAD OF LITIGATION BERMUDA

Christian R. Luthi
Tel.: +1 441 298 7814
Email.: christian.luthi@conyersdill.com


Head of Litigation British virgin islands

Mark J. Forte
Tel.: +1 284 852 1113
Email.: mark.forte@conyersdill.com


Head of Litigation Cayman Islands

Paul Smith
Tel.: +1 345 814 7777
Email.: paul.smith@conyersdill.com


HEAD OF THE ASIA DISPUTES & RESTRUCTURING GROUP

Nigel K. Meeson, Q.C.
Tel.: +852 2842 9553
Email.: nigel.meeson@conyersdill.com