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Law digests: 10 September 2021

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10 September 2021
Issue: 7947 / Categories: Case law , In Court , Law digest
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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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NEWS
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NLJ this week: Law Society calls for clarity on AML
The government’s plan to introduce a Single Professional Services Supervisor could erode vital legal-sector expertise, warns Mark Evans, president of the Law Society of England and Wales, in NLJ this week
NLJ this week: Turning corporate liability into opportunity
Writing in NLJ this week, Jonathan Fisher KC of Red Lion Chambers argues that the ‘failure to prevent’ model of corporate criminal responsibility—covering bribery, tax evasion, and fraud—should be embraced, not resisted
NLJ this week: A prince no more?
Professor Graham Zellick KC argues in NLJ this week that, despite Buckingham Palace’s statement stripping Andrew Mountbatten Windsor of his styles, titles and honours, he remains legally a duke
NLJ this week: Shareholder secrecy sunk
Writing in NLJ this week, Sophie Ashcroft and Miranda Joseph of Stevens & Bolton dissect the Privy Council’s landmark ruling in Jardine Strategic Ltd v Oasis Investments II Master Fund Ltd (No 2), which abolishes the long-standing 'shareholder rule'
NLJ this week: The expanding remit of national security law
In NLJ this week, Sailesh Mehta and Theo Burges of Red Lion Chambers examine the government’s first-ever 'Afghan leak' super-injunction—used to block reporting of data exposing Afghans who aided UK forces and over 100 British officials. Unlike celebrity privacy cases, this injunction centred on national security. Its use, the authors argue, signals the rise of a vast new body of national security law spanning civil, criminal, and media domains
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