Afonso Henrique Alves Braga

Walkers law firm in the Cayman Islands has successfully appealed a summary judgment that was entered against it in favor of former clients - two Brazilian bankers and related companies - who are seeking damages of up to $400 million for alleged breaches of trust, loyalty, and confidence.

Judgment allowing Cayman Islands law firm Walkers' appeal against summary judgment that was previously obtained by two Brazilian bankers and related companies in Walkers v. Arnage Holdings Limited, Brooklands Holdings Limited, East Farthing Holdings Limited, Katia Rabello, and Fernando Toledo at the Court of Appeal of the Cayman Islands.

Brazilian bankers Katia Rabello and Fernando Toledo and related companies have obtained summary judgment in the Cayman Islands against major offshore law firm Walkers and will ask the court to award damages of up to $400 million, the plaintiffs' lead attorney has announced.

News Release by Cayman Islands law firm Etienne Blake regarding summary judgment at the Grand Court of the Cayman Islands for their clients, Katia Rabello, Fernando Toledo, Arnage Holdings Ltd., Brooklands Holdings Ltd., and East Farthing Holdings Limited against Walkers law firm.

Judgment in Arnage Holdings Ltd., of the Cayman Islands; Brooklands Holdings Ltd., of the Cayman Islands; East Farthing Holdings Limited, of the Cayman Islands, Katia Rabello, of Brazil, and Fernando Toledo, of Brazil v. Walkers, a Cayman Islands law firm, at the Grand Court of the Cayman Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Afonso Henrique Alves Braga, as the Foreign Representative of Massa Falida de Mappin Lojas de Departamento S.A., Mappin Telecomunicacoes Ltda., and Casa Anglo Brasileira S.A., at the U. S. Bankruptcy Court for the Southern District of Florida.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Afonso Henrique Alves Braga, as the Foreign Representative of Petroforte Brasileiro de Petroleo Ltda., at the U. S. Bankruptcy Court for the Southern District of Florida.

Order transferring the case of Afonso Henrique Alves Braga vs. Equity Trust Company (Cayman) Limited, CIBC Bank and Trust Company (Cayman) Limited, Commerce Management Services Limited, Commerce Corporate Services Limited, and Commerce Advisory Services Limited to the Financial Services Division of the Grand Court of the Cayman Islands.

Ex Parte Originating Summons regarding an Application by CIBC Bank and Trust Company (Cayman) Limited, Commerce Management Services Limited, Commerce Corporate Advisory Services Limited, and Commerce Advisory Services Limited In the Matter of an Action by Afonso Henrique Alves Braga v. Equity Trust Company (Cayman) Limited, CIBC Bank and Trust Company (Cayman) Limited, Commerce Management Services Limited, Commerce Corporate Advisory Services Limited, and Commerce Advisory Services Limited at the Grand Court of the Cayman Islands.