Blog | April 24th

OLD MUTUAL INTERNATIONAL (ISLE OF MAN) LOSES JURISDICTION BATTLE

A very worried Old Mutual International Isle of Man has lost its bid to have the Spanish Courts deny jurisdiction to judge the illegality of the “Executive Investment Bond”, as reported by the El Confidencial online newspaper., despite an anti-suit injunction issued against the claimants in Spain, their lawyers and any other person that was made aware of the injunction to coerce them into dropping the case in the Mediterranean country.

A great post on this breakthrough event can be read on Angie Brooks’ latest blog post.

Below is an online translation of the article, as published yesterday.

The tiny Isle of Man challenges Spain: jail for suing its firms in Marbella

A judge threatens to imprison an expatriate couple who have filed…

...Click here to read more »

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