The Privy Council has handed down judgment in the claim brought by the liquidators of Fairfield Sentry Limited ("Fairfield") against a number of redeemed investors, seeking to recover the amounts paid out to them on redemption.

History of the Case

On 13 June 2012, the Court of Appeal handed down its judgment in the claims that have been brought by the liquidators of Fairfield Sentry Limited ("Fairfield") against a number of investors that redeemed out of the fund.  The Court of Appeal has upheld the decision of the trial judged albeit, in some instances, for different reasons.  Fairfield was a fund that invested into in Bernard L.