12/5/2022
START DATE
END DATE
6/23/2023
Credit Suisse Life (Bermuda) Limited v Bidzina Ivanishvili et al
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Court of Appeal (Civil Division) on appeal from Supreme Court of Bermuda
Commercial Court Insurance Law
Sir Christopher Clarke Geoffrey Bell Sir Anthony Smellie
Lord Falconer KC Steven Thompson KC Peter Dunlop Izabella Arnold
Richard Morgan KC Louise Hutton KC Sarah-Jane Hurrion Henry Komansky
FACTS OF THE CASE:
Fraud perpetrated by Patrice Lescaudron on accounts managed by Credit Suisse leading to significant financial losses for Ivanishvili and associated entities
SUMMARY:
Mismanagement of investment accounts fraudulent activities and misrepresentation of investment suitability
OUTCOMES:
Damages awarded for losses suffered due to fraud
RULED IN FAVOUR OF:
Plaintiff/Claimant
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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