Baron Hans Heinrich Thyssen-Bornemisza

Bermuda was faced with an international embarrassment during March when a judge quit a complex trust trial 17 months after it started, saying that: "To be blunt. I've had enough." Appropriately, given the nature of the case, which involves a dispute over a $2.7 billion European family fortune, Judge Dennis Mitchell resigned apparently after Bermuda's Governor, Thorold Masefield, declined to renew his three-year contract when he asked for more money.

BaTelCo throws spanner in the works of Bahamas International Stock Exchange private placement, Cayman Islands Stock Exchange tells New Utopia to take a hike, trial in Bermuda over European family's wealth costs $600,000 per week, First International Bank of Grenada has difficulty with its math, journalists arrested in Grenada, new sham investment game appears on the Internet, and the growth of the Bahamas is detailed in a prospectus for the new Bahamas International Securities Exchange.

Former high-flying Canadian investor Jacob J. Elkin and Swiss tycoon Baron Hans Heinrich Thyssen-Bornemisza were featured in two separate stories in The Royal Gazette newspaper in Bermuda this month. The newspaper reported that Elkin's Bermuda home, which has an estimated value of $1.5 million, was being auctioned off in an attempt to collect part of the $12.5 million he owes creditors.