Company
Primeo Fund (in official liquidation) v Bank of Bermuda (Cayman) Ltd and another (Cayman Islands) [2021] UKPC 22, [2021] All ER (D) 33 (Aug)
The appellant (Primeo), a Cayman Islands company in official liquidation which carried on business as an open-ended mutual investment fund, successfully appealed in relation to losses suffered as a result of the fraudulent Ponzi scheme operated by Bernard Madoff, through his company (BLMIS) from the respondents, who Primeo contended had breached their duties as its administrator and custodian. The Privy Council held that the transfer to another company of Primeo’s rights in the BLMIS investments had not had the effect of removing Primeo’s rights to claim against the respondents in respect of its investments in BLMIS. Further, the CA had erred in holding that the common wrongdoer requirement was satisfied in relation to the respondents.
Contract
Pakistan International Airline Corporation v Times Travel (UK) Ltd [2021] UKSC 40, [2021] All ER (D) 40 (Aug)
In a claim for the payment of commission by the appellant relying on the threat of lawful acts by the respondent,
