Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Privy Council blocks unfair prejudice action against Antiguan Ponzi scheme investors

By Dominic Lawson

17 December 2019

Privy Council blocks unfair prejudice action against Antiguan Ponzi scheme investors St John's, Antigua / iStock.com/Sean Pavone

The UK Privy Council has blocked liquidators of a collapsed Antiguan Ponzi scheme from bringing an unfair prejudice action against its investors – but the judges disagreed whether such an action could be brought during other liquidations.