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ARTICLE · 21 OCTOBER 2016

In Your Court: Offshore Dispute Resolution Review October 2016

Seven years after he was sentenced to prison for 150 years for frauds worth an estimated $65 billion, the legal repercussions of the Bernie Madoff prosecution rumble on.

JerseyWealth Management

Bernie Madoff, the conned investors, and who gets what?

Seven years after he was sentenced to prison for 150 years for frauds worth an estimated $65 billion, the legal repercussions of the Bernie Madoff prosecution rumble on - the top story of our regular Dispute Resolution Update is about a Cayman Appeal case about repayment to investors, and the extent to which redemptions to investors prior to suspension should be taken into account ahead of final payouts.

Shaun Maloney from our Cayman Dispute Resolution team explains the implications of the Primeo decision - and a second piece explores how the Cayman Islands Court of Appeal decision sits uneasily with the Companies Law.

Read the Ogier view on the Primeo judgment here...

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