OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
RSS Feed Print
Primeo v HSBC: Cayman Court dismisses US$2bn claim by Madoff feeder fund
David Marchant
Posted: Thursday, February 21, 2019
Joined: 9/13/2007
Posts: 1278


One Essex Court: In a recent judgment of the Cayman Islands Grand Court, Mr Justice Andrew Jones QC has dismissed a US$2bn professional negligence claim against HSBC arising out of the Madoff investment fraud.

Read Article.
 

Jump to different Forum... 

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory databases, offering documents, and other sources - and email you the results.

View Recent Digests

Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.