Guernsey law sanctions US receiver order in fraud case

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guernsey sets precedent in recognising receiver appointed by foreign court

US, English and offshore law firms have worked closely together to bring a landmark receivership case to the Royal Court of Guernsey. Simon Davies, partner and head of litigation of the Guernsey office at Ogier, acted on behalf of US attorneys DurretteBradshaw, and its receiver Roy Terry, along with Paul Clements, partner and head of the dispute resolution department at English solicitors Rooks Rider, to recover the assets of Vavasseur Corp, a Bahamian company, which ran a $121m (£65m) international securities fraud scheme. It is the first time a US receivership of a foreign company has b...

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