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Stichting Shell Pensioenfonds v Krys

December 2014 Mark J. Forte

A recent decision of the Privy Council in Stichting Shell Pensioenfonds v Krys and another (British Virgin Islands) [2014] UKPC 41 clarifies a liquidator’s authority in relation to anti-suit injunctions and provides guidance as to what amounts to a submission to the jurisdiction within the liquidation process.

The case arose out of the liquidation of Fairfield Sentry (“Fairfield”), a BVI feeder fund of the collapsed Madoff fund. Fairfield Sentry had assets in its own name at a Dutch bank account in an account in Ireland (“the bank account”).

 

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Mark J. Forte
Partner, Head of BVI Litigation & Restructuring and Office

British Virgin Islands   +1 284 346 1113


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