Conyers has published a briefing saying that the collapse of an investment fund affected by a fraud will often lead to disputes between the investors who were paid out before the discovery of the fraud, the investors who gave notice to redeem prior to the discovery of the fraud, and the investors remaining in the fund when it collapsed. In the light of a recent Privy Council case, the article says, it is an appropriate time to review the law in this area alongside earlier decisions of the Privy Council given in the context of investment funds affected by fraud. The article says that there are 3 principles can usefully be highlighted from the decisions reviewed.
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