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Isle of Man appeals court to hear third party breach of duty claims in Axiom receivership

By Kyriaki Karadelis

09 August 2017

Isle of Man appeals court to hear third party breach of duty claims in Axiom receivership The Axiom funds invested money in no win no fee payment protection insurance litigation iStock.com/glegorly

The corporate director and administrator of a Manx company are appealing a court's refusal to strike out claims brought by the receivers of two collapsed Cayman funds, who argue that statements affirming the defendants' propriety made them liable for the Manx company's breach of duty to the funds.