The Court of Appeal has handed down judgment in an appeal relating to the civil case brought against Jyske Bank (Gibraltar) Limited by the representatives of certain clients of the collapsed law firm Marrache & Co.
The long awaited appeal in Weal v FSC has now been heard and the Judgment of the Court of Appeal handed down (it is available from the Gibraltar Court Service website).
A leading captive journal (Captive Review) has published a detailed memorandum prepared by Nigel Feetham on protected cell companies.
Both as a legal practitioner and an academic author I have
always had a fascinating interest in the judiciary. Every year
thousands of court decisions are made around the world.
The Court of Appeal has upheld the judgment of Jack J in Minette Compson v The Chief Executive Officer of the Financial Services Commission and Brian Weal v The Chief Executive Officer of the Financial Services Commission.
A fascinating judgment has just been handed down by the Court of Special Appeals of Maryland.
I have already written extensively about the case of Compson v FSC & Weal V FSC involving an appeal against certain decisions of the Gibraltar Financial Services Commission ("FSC") , unreported, 29th April 2015, and therefore for the purposes of this briefing note, I will assume that the background is known to readers.
Hassans' partner, Nigel Feetham, co-author of the leading
reference book, Protected Cell Companies: A Guide to Their
Implementation and Use (Feetham & Jones, 2nd edition, Spiramus
Press 2010) has received industry citation in relation to a US
judgement, firmly placing Mr Feetham as a leading voice in this
As a lawyer, academic writer, former member of the FSC and director (a position I have held on the boards of leading corporates), I believe Compson v FSC & Weal v FSC is an important decision.
On the 15 June 2016, Nigel Feetham, partner of Hassans,
published an article on a judgment concerning PCC cells recently
handed down by the Courts of Guernsey.
An interesting Judgment concerning PCC cells, which appears to be a first of its kind in Guernsey, has recently been handed down by the local courts.
To the uninformed observer the answer would be nothing but an unlikely clue is to be found in a surviving report of fifteenth century litigation from the archives of Bruges. In my book "Protected Cell Companies: a Guide to their Implementation and Use" ...