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Industry Updates

Fairfield Claw Back Claims Dismissed in BVI

08 Dec 2011

From 2009 onwards the liquidators of the three Fairfield funds launched a large number of lawsuits in the BVI against investors who had redeemed out of the funds before the arrest of Bernard Madoff, seeking to "claw back" redemption proceeds paid out to those investors and the Commercial Court of the BVI Court has recently delivered its first instance judgment on these claims.