375 Plus Development Inc. v Credit Suisse A.G. (Cayman Islands Branch); Leondro P. Rizutto; and Anguillan Development Corporation Limited [2011] AXA HCV 2011/0037
Date: 1 June 2011
Area/s of law: Commercial
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High value offshore litigation arising from the $600m Temenos luxury development on the Caribbean island of Anguilla, in which homebuyers seek to challenge the purported realisation of security by Credit Suisse as collateral agent for a cohort of lenders under a $180m New York first lien credit facility. Currently pending before the Eastern Caribbean Court of Appeal.