Augu 31 2018
START DATE
END DATE
September 13 2018
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
COMMERCIAL COURT
Narinder K Hargun CJ
Sarah-Jane Hurrion Judith Roche
John Wasty Hannah Tildesley
FACTS OF THE CASE:
Mismanagement and fraudulent activities by the Bank leading to significant financial losses for the plaintiffs
SUMMARY:
Legal standing of discretionary beneficiaries and application of reflective loss principle in trust law breach of statutory duty and common law duty of care claims by the family plaintiffs
OUTCOMES:
Application to strike out claims stayed suggesting a trial to resolve all issues is more appropriate
RULED IN FAVOUR OF:
Plaintiff/Claimant
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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