Privy Council ends legal saga with big pay out

(CNS Business): Alastair Paterson, who has fought a more than seven year legal battle as a result of what were found to be malicious and unjustified civil proceedings against him, has been awarded damages of CI$1.375 million. The payout for the Caymanian surveyor came in a landmark judgment by the UK Privy Council that re-writes the law books and vindicates him after his professional reputation was damaged by the legal action brought against him by Cayman General Insurance (now Sagicor). The ruling is being described as a ground-breaking departure from a law that has stood for over 300 years and lifts the centuries old restriction that has stopped payoffs following malicious civil proceedings. Read more on this and other stories on CNS Business