“…In Primeo Fund v Bank of Bermuda (Cayman) Ltd [2021] UKPC 22, [2022] 1 All ER 1219 (“Primeo”), Lords Kitchin and Sales, with whom Lords Reed, Hodge and Lloyd-Jones agreed, stressed at paragraph 55 that the “reflective lo…”
“…The second Part 52.30 application followed some three months after the decision of the Privy Council on 9 August 2021 in Primeo Fund v. Bank of Bermuda [2021] UKPC 22 (Primeo PC), reversing Primeo CICA. Primeo PC decided expressly at [61] that the judge had been wrong to decide that Marex SC meant that Nectrus’ appeal was un…”
“…tion to the company point, narrowed somewhat following the judgment of the Privy Council in Primeo Fund (in Official Liquidation v Bank of Bermuda (Cayman) Ltd [2021] UKPC 22, [2021] BCC 1015, delivered on 8 August 2021. The Board (comprising five of the seven Justices who decided Marex) held that, as the reflective loss rule is sub…”