Primeo v HSBC: Cayman Islands Grand Court dismisses US$2 billion claim by Madoff feeder fund
By Marc Yates From Ogier In a recent landmark judgment of the Cayman Islands Grand Court in the case ofPrimeo Fund (in Official Liquidation) (Primeo) v Bank of Bermuda (Cayman) Ltd (BBCL)and HSBC Securities Services (Luxembourg) S.A (HSSL), Mr Justice…
Primeo v HSBC: Cayman Court delivers Madoff judgment
By Sarah Twohig William Fry From Lexology Cayman Islands September 4 2017 On 23 August 2017, the Grand Court of the Cayman Islands delivered a landmark judgment in Primeo Fund (in Official Liquidation) (Primeo) v Bank of Bermuda (Cayman Limited)…
Cayman Islands-based Bernie Madoff feeder fund author of own demise
By Kirsten Hastings From International Adviser After a 12-week trial, liquidated Cayman Islands investment fund Primeo, which invested with infamous Ponzi scheme Bernard L Madoff Investment Securities (BLMIS), was found to be “to a very substantial degree the author of…
