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British attorney Mark Lorrell suspended for misconduct

A British attorney - Mark Lorrell - has been suspended for misconduct while representing clients who, inter alia, were previously involved in a failed take-over of the fraudulently-operated Cayman Islands-domiciled Axiom Legal Financing Fund.

Three-way battle for control of Axiom Legal Financing Fund

A three-way battle has emerged for control of Axiom Legal Financing Fund, which was exposed as a fraud by OffshoreAlert two months ago. Proposals for receivership, liquidation, and restructuring are scheduled to be heard over two days at the Grand Court of the Cayman Islands starting on January 31, 2013.