Posted inGuernsey Business

Court of Appeal upholds judgment in $2 billion case thought to be the most expensive in Guernsey’s history

A judgment handed down this month has upheld the first instance judgment that the directors of Carlyle Capital Corporation (CCC) were not in breach of their duty of skill and care or their fiduciary duty and that CCC’s investment manager, Carlyle Investment Management LLC (CIM) was not in breach of its contractual or tortious obligations. […]

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