Peter Maxwell-Dickson

Judgment on cross-applications in Jean-Louis Robert Walter Danis, a resident of the Bahamas v. Peter Maxwell Dickson, a resident of Bermuda, and Sports Properties International Ltd., of the British Virgin Islands, at the British Virgin Islands High Court. Editor's Note: A notable part of this judgment is the judge noting that Peter Maxwell Dickson admitted to participating in seemingly sham transactions "to ensure that his assets were placed outside the reach of his potential creditors" in "unrelated litigation", causing the BVI judge to state that "this does not reflect well on his commercial morality".

Four civil lawsuits have been filed in Bermuda against Horizon Bank International, which is licensed in St. Vincent & The Grenadines. The separate actions were filed at Bermuda Supreme Court  on December 7, 2004 by FX Bridge Limited, Transworld Management Consultants Corporation, International Monetary Services Inc., and Four Square Partners Inc.

A Caribbean offshore bank closely associated with the Bermuda-based Grosvenor Group has been accused of perpetrating a $20 million fraud against two of its clients. The allegation against Horizon Bank International Limited, which is licensed in St. Vincent & the Grenadines, was made in a civil complaint filed at Ontario Superior Court of Justice, in Canada.

A battle is taking place for control of the assets of American International Bank Ltd. of Antigua, which went into receivership earlier this year. The bank's demise happened after its principal, William Cooper, tried to set up a new bank called Overseas Development Bank Ltd. to buy AIB, said sources.