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Fairfield investment managers lose BVI indemnity claim

By Douglas Thomson

11 October 2018

Fairfield investment managers lose BVI indemnity claim Fairfield Greenwich was seeking to recover under an indemnity clause in its investment management agreement with Fairfield Sentry / istock.com/andykazie, fotoVoyager, paolo paradiso, raylipscombe

A British Virgin Islands appeal court has rejected an indemnity claim from the former investment managers of Madoff feeder fund Fairfield Sentry for the costs of defending seven separate claims following the revelation of the fraud.