Gordon Capital Corporation

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    First Bermuda Securities sues Gordon Capital over BFCL

    Investment firm First Bermuda Securities Ltd. is suing a former business partner for $791,668 in alleged unpaid commissions stemming from the Bermuda Financial Centre Ltd. project.FBS filed a lawsuit yesterday at Bermuda Supreme Court against Gordon Capital Corporation, of Toronto.

    BFCL tries to raise $131 million

    Promoters behind the Bermuda Financial Centre said this week that they are seeking Bermudian investors as much as Bermuda dollar investments for their proposed $131 million hotel, conference and office complex.

    BFCL may turn to overseas investors

    Founding investors in a planned $131 million hotel proposed to take the place of the Bermudiana have been told that the full cost of the project could be met with funds from overseas. Gordon Capital Corporation, the Canadian investment banking firm advising on the financing of the project, has said the money can be raised from its clients off the island.