Developer Sues AXA For Claiming 1MDB Links Void Policies

Law360, London (August 10, 2020, 7:03 PM BST) -- A London property developer has accused AXA of shirking a £3 million ($3.9 million) payout after the insurer claimed that Berkshire Assets' ties to a former Goldman Sachs banker caught up in the 1MDB scandal voided two of their policies.

Berkshire Assets (West London) Ltd. said the involvement of Michael Sherwood — once one of Goldman's most senior executives in Europe — in the company as one of three directors should play no part in the decision to provide insurance coverage for a residential development project in London.

According to the newly public July 20 High Court Suit, AXA has failed...

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!


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?
Ask a question!