Cyprus Suit Takes Priority In Asset Manager's $52M Dispute

Law360, London (May 22, 2020, 7:03 PM BST) -- A judge in London has halted a $52 million lawsuit brought against wealth manager Pyxis Capital Management Ltd. over outstanding loan repayments, concluding there was a risk of a conflicting decision in another case filed in Cyprus.

Tom Leech QC, sitting as a High Court judge, said that claims made in an English suit filed by Awendale Resources Inc. against Pyxis Capital are already before the Cypriot court.

"It is my judgment that the English claim and Cypriot derivative claim are proceedings involving the same cause of action between the same parties and that the Cypriot court was first seized," Judge...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!