Jersey F.S.C. v A.P. Black (Jersey) Ltd. [2002] JLR 294 (11 April 2002)

Jersey F.S.C. v A.P. Black (Jersey) Ltd. [2002] JLR 294 (11 April 2002)

An action by the Jersey Financial Services Commission under art. 20(7) requiring payment to compensate investors is a tort action and is prescribed after three years.

Citation
[2002] JLR 294
Parties
Applicant: Jersey Financial Services Commission; Respondent: A. P. Black (Jersey) Ltd.
Jurisdiction
Jersey
Judgment Date
11 April 2002
Procedural Posture
Tort Action / Judgment
Outcome
action prescribed
Legal Topics
Investor Protection, Limitation Periods, Compensation Proceedings
Financial Services Law Tort Law Investor Protection Limitation Periods Compensation Proceedings

Case Brief

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Parties

Jersey Financial Services Commission

Applicant

A. P. Black (Jersey) Ltd.

Respondent

Procedural Posture

Tort Action / Judgment

Legal Issues

  1. 1 Whether an action by the Jersey Financial Services Commission under art. 20(7) of the Collective Investment Funds (Jersey) Law 1998 requiring payment to compensate investors is a tort action
  2. 2 Whether such action is prescribed after three years

Ratio Decidendi

An action by the Jersey Financial Services Commission under art. 20(7) requiring payment to compensate investors is a tort action and is prescribed after three years.

Court Disposition

action prescribed

Orders

  • Action by Jersey Financial Services Commission dismissed as prescribed after three years