On 11 May 2016 the Royal Court of Guernsey handed down its final judgment in the appeal brought by Bordeaux Services (Guernsey) Limited & Ors v Guernsey Financial Services Commission. The Commission has considered this ruling carefully and believes that some key messages are contained within the judgment that are important both for Financial Services Business in the Bailiwick, and also for the Commission when bringing enforcement sanctions against licensees and individuals. The Commission is grateful to the Court for the guidance provided in this regard. The Commission thought it helpful if not only the ruling was provided but also a summary of some of the findings made by the Deputy Bailiff.
Links to these documents can be found below:
Bordeaux Services (Guernsey) Limited & Ors v GFSC538KB -
11th May 2016
Summary of Royal Court findings in relation to Bordeaux Services (Guernsey) Ltd & Ors v GFSC268KB