Brian Lnes

In a landmark ruling, Bermuda Supreme Court has determined that offshore investment firm Lines Overseas Management can disclose “confidential” client records and recordings of telephone conversations to the United States Securities and Exchange Commission. However, the SEC is not entitled to material that is subject to attorney-client privilege or concerns interviews with former LOM president Brian Lines that were conducted by the Bermuda Monetary Authority after the BMA had given assurances of confidentiality.