OffshoreAlert

The libel trial involving The Harris Organization financial services group of Panama and Offshore Business News & Research ended on July 30 with Judge Michael Moore asking: "Where is Marc Harris?" Harris was nowhere to be seen during six days of testimony even though he was the main subject matter of the March 31, 1998 Offshore Alert article that was being complained about.

The libel trial involving The Harris Organization financial services group of Panama and Offshore Business News & Research, Inc., which publishes this newsletter, has been put back to an unnamed date by the United States District Court for the Southern District of Florida.

The First International Bank of Grenada, the International Deposit Insurance Corporation and the World Investors Stock Exchange this month failed in their bid to obtain a court injunction preventing Offshore Alert from continuing to report on their fraudulent activities.Attorneys representing these entities filed hundreds of pages of documents at the U. S. District Court for the Southern District of Florida in an effort to obtain an emergency injunction preventing Offshore Alert from continuing to report on their dubious activities.

Amended Emergency Motion for Preliminary Injunction in First International Bank of Grenada Ltd., International Depositors' Reinsurance Corporation Ltd., doing business as IDIC; and World Investors' Stock Exchange v. David Marchant and Offshore Business News & Research, Inc. at the U. S. District Court for the Southern District of Florida.

Emergency Motion for Preliminary Injunction in First International Bank of Grenada Ltd., of Grenada; International Depositors' Reinsurance Corporation Ltd., doing business as IDIC, of Nevis, and World Investors' Stock Exchange Ltd., of Grenada v. David Marchant and Offshore Business News & Research, Inc. at the U. S. District Court for the Southern District of Florida.

Libel Complaint in First International Bank of Grenada Ltd., of Grenada; International Depositors' Reinsurance Corporation, Ltd., doing business as IDIC, of Nevis, and World Investors' Stock Exchange, of Grenada v. David Marchant and Offshore Business News & Research, Inc. at the U. S. District Court for the Southern District of Florida.

The Harris Organization's $30 million libel action against Offshore Business News & Research, Inc. and its principal, David Marchant, is scheduled to go to trial in May of this year at the Federal District Court for the Southern District of Florida (Miami).

Criminal Complaint alleging defamation in La Firma de Marc M. Harris v. David Marchant and Offshore Business News & Research at the First Judicial Circuit Court of the Province of Panama.

The unfolding saga of moves by the UK to force its Overseas Territories to recognize fiscal offences in its mutual legal assistance laws is extraordinary in that it reveals the lengths that politicians, civil servants and businessmen will apparently go to lie or mislead the public when they think it is in their best interests to do so.It also underscores the importance of newsletters like Offshore Alert, which was launched in February, 1997 to provide clients with an independent and accurate source of information in a sometimes overly secretive offshore world where the truth is often difficult to find.

Amended Libel Complaint in Marc M. Harris et Cie S.A., The Firm of Marc M. Harris, Inc., and Marc M. Harris Trust Company, Ltd. v. David E. Marchant and Offshore Business News & Research, Inc. at the U. S. District Court for the Southern District of Florida.

Libel Complaint in Marc M. Harris et Cie S.A., The Firm of Marc M. Harris, Inc., and Marc M. Harris Trust Company, Ltd. v. David Marchant and Offshore Business News & Research, Inc. at the U. S. District Court for the Southern District of Florida.