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


Area of law:

Nick Pointon

1 June 2011

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.