Curaçao Bank Fights UK Jurisdiction In £415M Tax Fraud Case

By Joanne Faulkner (April 28, 2022, 4:45 PM BST) -- A Caribbean-based bank told a London court on Thursday that proceedings in Curaçao over its liability to creditors of a defunct payment company caught up in VAT fraud should be heard before a case brought against the lender in England.

The Caribbean lender is asking a court in Curaçao, pictured, to grant it an injunction preventing creditors from pursuing claims that it aided a £415 million tax fraud. ( Counsel for First Curaçao International Bank NV said the High Court should not allow a "new frontier" of claims to be brought against the lender in England. That could result in "irreconcilable"...

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