Judgment
Primeo Fund (In Official Liquidation) v Michael Pearson (as Additional Liquidator of Herald Fund SPC) - Ruling
FSD 0027/2013 (AJJ) · 2015-06-12
Section 37(7)(a) Companies Law – whether shares “not redeemed” at liquidation commencement; Redemption under fund Articles vs statutory meaning; Madoff/BLMIS fraud context; NAV determinations bindingness; Fairfield Sentry principles; Section 112(2) rectification power; CWUR O.12 r.2 (fraud/default; mis‑stated NAV); External vs internal fraud; Solvent‑liquidation member‑rights adjustment; Priority of redeemers vs continuing members
Full metadata
| Cause Number | FSD 0027/2013 (AJJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Jones J |
| Parties | Primeo Fund (In Official Liquidation) v Michael Pearson (as Additional Liquidator of Herald Fund SPC) - Ruling |
| Judgment Date | 2015-06-12 |
| Subject | Section 37(7)(a) Companies Law – whether shares “not redeemed” at liquidation commencement; Redemption under fund Articles vs statutory meaning; Madoff/BLMIS fraud context; NAV determinations bindingness; Fairfield Sentry principles; Section 112(2) rectification power; CWUR O.12 r.2 (fraud/default; mis‑stated NAV); External vs internal fraud; Solvent‑liquidation member‑rights adjustment; Priority of redeemers vs continuing members |
| Filename (current) | 15-06-12-Herald-Fund-SPC-Primeo-Fund-v-Michael-Pearson.pdf |