Arch trial postponed: The story from both sides

The trial of Arch Financial Products and its chief executive Robin Farrell has been postponed until next month.

Two days of final hearings were due to take place this week, but these have now been delayed until January. A judgement will be delivered shortly afterwards. The case was brought by the Guernsey cells' current board SPL Private Finance, which is suing Arch FP for £150m for gross negligence in its role as investment manager of the failed Arch Cru funds between 2007 and 2008. The board has also brought claims against Arch FP's chief executive Robin Farrell, alleging that he dishonestly assisted Arch FP in breaches of fiduciary duty in relation to its investment in Lonscale, holding vehi...