Judgment
Irving H Picard (Trustee) and BLMIS LLC v Primeo Fund (In Official Liquidation) - Reasons
FSD 0275/2010 (AJJ) · 2012-06-06
Inherent jurisdiction to stay proceedings; rare and compelling circumstances threshold; interaction between Cayman avoidance claims and US SIPA proceedings; cross‑border insolvency coordination; preliminary issues of Cayman law under ss.241–242; reflective loss concerns; whether Cayman action merely “protective”; safe‑harbour defences under US Bankruptcy Code s.546(e); simultaneous litigation risk overstated; maintaining timetable toward October 2012 preliminary issue trial
Full metadata
| Cause Number | FSD 0275/2010 (AJJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Jones J |
| Parties | Irving H Picard (Trustee) and BLMIS LLC v Primeo Fund (In Official Liquidation) - Reasons |
| Judgment Date | 2012-06-06 |
| Subject | Inherent jurisdiction to stay proceedings; rare and compelling circumstances threshold; interaction between Cayman avoidance claims and US SIPA proceedings; cross‑border insolvency coordination; preliminary issues of Cayman law under ss.241–242; reflective loss concerns; whether Cayman action merely “protective”; safe‑harbour defences under US Bankruptcy Code s.546(e); simultaneous litigation risk overstated; maintaining timetable toward October 2012 preliminary issue trial |
| Filename (current) | 12-06-06-Irving-H-Picard-v-Bernard-L-Madoff-Investment-Securities-LLC.pdf |
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