Judgment
Irving H Picard (as Trustee for the Liquidation of the Business of Bernard L. Madoff Investment Securities LLC) and Bernard L Madoff Investment Securities LLC (in Securities Investor Protection Act Liquidation) v Primeo Fund (in Official Liquidation) - Ru
FSD 0275/2010 (AJJ) · 2013-01-14
Whether the Grand Court can apply U.S. insolvency law under section 241 and/or section 242 of the Companies Law and/or at common law; Whether the Court can apply Cayman Islands insolvency law avoidance provisions in aid of a foreign insolvency proceeding; Whether insolvency set-off under section 140 of the Companies Law applies to preference claims; Whether the rule in Cherry v Boultbee applies to quasi-retainer rights in this context.
Full metadata
| Cause Number | FSD 0275/2010 (AJJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Jones J |
| Parties | Irving H Picard (as Trustee for the Liquidation of the Business of Bernard L. Madoff Investment Securities LLC) and Bernard L Madoff Investment Securities LLC (in Securities Investor Protection Act Liquidation) v Primeo Fund (in Official Liquidation) - Ru |
| Judgment Date | 2013-01-14 |
| Subject | Whether the Grand Court can apply U.S. insolvency law under section 241 and/or section 242 of the Companies Law and/or at common law; Whether the Court can apply Cayman Islands insolvency law avoidance provisions in aid of a foreign insolvency proceeding; Whether insolvency set-off under section 140 of the Companies Law applies to preference claims; Whether the rule in Cherry v Boultbee applies to quasi-retainer rights in this context. |
| Filename (current) | 13-01-14-Irving-H-Picard-Bernard-L-Madoff-Investment-v-Primeo-Fund-In-Liquidation.pdf |