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10 September 2021
Issue: 7947 / Categories: Case law , In Court , Law digest
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Law digests: 10 September 2021

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Company

Primeo Fund (in official liquidation) v Bank of Bermuda (Cayman) Ltd and another (Cayman Islands) [2021] UKPC 22, [2021] All ER (D) 33 (Aug)

The appellant (Primeo), a Cayman Islands company in official liquidation which carried on business as an open-ended mutual investment fund, successfully appealed in relation to losses suffered as a result of the fraudulent Ponzi scheme operated by Bernard Madoff, through his company (BLMIS) from the respondents, who Primeo contended had breached their duties as its administrator and custodian. The Privy Council held that the transfer to another company of Primeo’s rights in the BLMIS investments had not had the effect of removing Primeo’s rights to claim against the respondents in respect of its investments in BLMIS. Further, the CA had erred in holding that the common wrongdoer requirement was satisfied in relation to the respondents.

Contract

Pakistan International Airline Corporation v Times Travel (UK) Ltd [2021] UKSC 40, [2021] All ER (D) 40 (Aug)

In a claim for the payment of commission by the appellant

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MOVERS & SHAKERS

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Sponsored by
Birketts—four appointments

Birketts—four appointments

Firm expands partnership with four lateral hires across key practice areas

Harper James—Lottie Hugo

Harper James—Lottie Hugo

Commercial law firm announces appointment of corporate partner

Carey Olsen—Patrick Ormond

Carey Olsen—Patrick Ormond

Partner joins corporate and finance practice in British Virgin Islands

NEWS
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‘Joe Donor’ parentage declaration is rejected
Serial sperm donor Robert Albon has lost his bid for a declaration of paternity, ‘on the ground that to grant it would manifestly be contrary to public policy’
Class action overhaul?
The government is considering wholesale reform of consumer class actions—the ‘opt-out’ collective claims certified by the Competition Appeals Tribunal (CAT)
Fallout escalates from collapsed firm
A ‘sophisticated suspected fraud’ may have taken place at PM Law involving the improper removal and misuse of about £39.5m of client funds, the Solicitors Regulation Authority (SRA) has confirmed
Technology push to assist in capture of fraudsters & fakers
The Serious Fraud Office (SFO) will invest in technology to catch tech-reliant fraudsters and handle voluminous case materials
Business healthy for legal services
Law firms enjoyed rapid growth in 2025, according to a Financial Benchmarking Survey, published by the Law Society last week
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