8/17/2020
START DATE
END DATE
22-Dec-20
Bidzina Ivanishvili et al. v Credit Suisse Life (Bermuda) Limited
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
The Supreme Court of Bermuda
CIVIL JURISDICTION
Hon. Chief Justice Hargun
Mr. Joe Smouha QC Ms. Sarah-Jane Hurrion Ms. Judith Roche
Mr. Stephen Moverley Smith QC Mr. John Wasty Ms. Hannah Tildesley Mr. Sam Riihiluoma
FACTS OF THE CASE:
Plaintiffs claim against CS Life for losses from unauthorised imprudent and fraudulent trading on accounts seeking damages for breached duties
SUMMARY:
Contractual and fiduciary duties misrepresentation breach and loss particulars limitation under foreign law
OUTCOMES:
Damages estimated at US $400 million
RULED IN FAVOUR OF:
Plaintiff/Claimant
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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