Compson and Weal Litigation Saga Continues

I have already written extensively about the case of Compson v FSC & Weal V FSC involving an appeal against certain decisions of the Gibraltar Financial Services Commission ("FSC") , unreported, 29th April 2015, and therefore for the purposes of this briefing note, I will assume that the background is known to readers.

Suffice it to say that related litigation continues, with a number of judgments recently handed down by the Supreme Court of Gibraltar and an appeal to the Court of Appeal. These arose out of an ex parte application for a freezing injunction by the Administrator of Advalorem Value Asset Fund Limited against certain named defendants (including Mr and Mrs Compson). The claimant's Administrator made allegations of fraud whereby monies from United Kingdom pension schemes were allegedly used to purchase land in Scotland at a grossly excessive price. The allegations are set out in the Judgement handed down by Mr Justice Jack on 4th September 2015.