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The Phoenix Judgment

December 2009 Updated on 09 July 2010

On December 4, a judgment was handed down in an important hedge fund case which considered the potential liabilities of hedge fund administrators and custodians in Bermuda, in the event of hedge fund trading losses. The judge dismissed claims brought against Citigroup Fund Services (Bermuda) Limited and The Bank of Bermuda Limited by Phoenix Global Fund Limited and Phoenix Capital Reserve Fund Limited. Conyers Dill & Pearman appeared on behalf of the successful 2nd Defendant, The Bank of Bermuda Limited.

 

To continue reading full articles in PDF format:
The Phoenix Judgment

 

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Bermuda


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Articles

The Phoenix Judgment

22 December 2009 Updated on 09 July 2010

On December 4, a judgment was handed down in an important hedge fund case which considered the potential liabilities of hedge fund administrators and custodians in Bermuda, in the event of hedge fund trading losses. The judge dismissed claims brought against Citigroup Fund Services (Bermuda) Limited and The Bank of Bermuda Limited by Phoenix Global Fund Limited and Phoenix Capital Reserve Fund Limited. Conyers Dill & Pearman appeared on behalf of the successful 2nd Defendant, The Bank of Bermuda Limited.

 

To continue reading full articles in PDF format:
The Phoenix Judgment

 

 

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Bermuda