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Fairfield Sentry Ltd v Migani

[2014] UKPC 9

JurisdictionUnited Kingdom

CourtJudicial Committee of the Privy Council (on appeal from the British Virgin Islands)

Year2014

StatusBinding authority

Key Principle

The Privy Council held that the valuation of claims in a BVI liquidation should be based on the actual value of the investor's interest, not the fictitious NAV stated in the fund's records.

Area of Law

insolvency

Related Cases

Re Virgin Active Holdings Ltd [2021] EWHC 1246 (Ch)

The Joint Administrators of LB Holdings Intermediate 2 Limited v The Joint Administrators of Lehman Brothers International (Europe) and others (Waterfall I) [2017] UKSC 38

Singularis Holdings Ltd v PricewaterhouseCoopers [2014] UKPC 36

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