SPL Private Finance (PF1) IC Ltd and others v Arch Financial Products LLP and others; SPL Private Finance (PF2) IC Ltd and others v Robin Farrell An investment manager, Arch Financial Products LLP (Arch FP), was found to have breached its fiduciary duties in advising upon an investment which was not in the best interests […]

Shortly before Christmas 2014, judgment was handed down in a case brought by SPL Guernsey ICC Limited (SPL) against the investment manager, Arch Financial Products LLP (AFP), and its director, Robin Farrell. SPL succeeded in its claims against both defendants and was awarded damages of approximately £24.2 million plus interest and costs. Facts AFP was […]