[2025]GCA093 - N. Hofgren v GFSC - 19 - December - 2025

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The Guernsey Court of Appeal upheld findings of lack of probity against Nicholas Walton Hofgren in relation to regulatory breaches as a director of GFG Limited, but remitted the assessment of seriousness and sanctions to the Commission due to errors in the Royal Court’s approach to evaluating the gravity of the conduct and the proportionality of sanctions.





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