Mobile Menu

Stichting Shell Pensioenfunds 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”).


To continue reading full articles in PDF format:
Stichting Shell Pensioenfunds v Krys


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

British Virgin Islands   +1 284 346 1113


"They understood the urgency and demanding nature of the deals that we were working on - they were very responsive and commercial, and worked with us to make it happen."
- Chambers Global