Broker Told To Cough Up Security For Fee Fight With Fund

Law360, London (June 13, 2019, 7:25 PM BST) -- A dispute between a British Virgin Islands investment broker and a U.K. fund over commission fees allegedly owed for introducing two clients that invested in tens of millions of pounds in securities has been paused until the broker can provide enough security to cover the fund's legal costs.

Deputy Master Roger Bartlett has ordered all proceedings in Musst Holdings Ltd.'s claim against Astra Asset Management LLP and Astra Asset Management U.K. Ltd. to be stayed until Musst provides enough security to cover Astra's legal costs in the event that the brokerage loses its legal battle at the High Court in London....

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!


Related Sections

Law Firms

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!