Mealey's (May 20, 2022, 1:30 PM EDT) -- LONDON — The Judicial Committee of the Privy Council of the United Kingdom on May 19 ruled that the Cayman Court of Appeal correctly reversed a trial court’s ruling setting aside an award against three private equity funds for fraudulently inducing the sale of a Brazilian airline by misrepresenting its working capital, finding that most of their arguments were already rejected by Brazilian courts and therefore are subject to issue estoppel....