The long arm of the liquidator: AWH Fund Ltd v ZCM Asset Holding Co Ltd (2019)

A recent decision of Judicial Committee of the Privy Council (handed down July 29 2019), hearing an appeal of a decision of the Court of Appeal of the Bahamas, helped clarify the extent to which liquidators can exercise their powers outside of their jurisdiction in the recovery of funds credited preferentially.

“Devil Take the Hindmost” Anti-Suit injunction to maintain historic investment adage rejected by Privy Council

In May 2019 the Privy Council delivered its Judgment in UBS AG New York v Fairfield Sentry Ltd (In Liquidation) (British Virgin Islands).