Mozambique's $2B Bond Fraud Suit To Face Jurisdiction Fight

Law360, London (November 7, 2019, 1:59 PM GMT) -- A shipbuilder told a judge in London on Thursday that it will challenge the court's authority to hear a lawsuit launched by Mozambique over a controversial bond connected to a purported $2 billion fraud scheme, proposing that Swiss arbitration should take precedence. 

David Wolfson QC told Judge Simon Picken at a hearing at the High Court that his client, Abu Dhabi-based Privinvest Shipbuilding, intends to dispute whether the court has jurisdiction over the case.

Mozambique is suing Privinvest and Credit Suisse AG, and several of the Swiss bank's former employees in London, for damages and to void a loan agreement for...

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!