Bracewell Law

Axiom Legal Financing Fund v. Mayer Brown International LLP: Particulars of Claim

November 12, 2018

Particulars of Claim in JP SPC 1 and JP SPC 4, on behalf of Axiom Legal Financing Fund, of the Cayman Islands, v. Mayer Brown International LLP at the High Court of Justice for England and Wales.

Solicitors Regulation Authority v. Richard Emmett et al: Amended Judgment

October 29, 2018

Amended Judgment in Solicitors Regulation Authority v. Richard Emmett, Lindsay Emmett, Matthew Stokes, Mary Hunter, David Rae, and Dale Stephenson at the Solicitors Disciplinary Tribunal.

Solicitors Regulation Authority v. Richard Emmett et al: Judgment

September 7, 2018

Judgment in Solicitors Regulation Authority v. Richard Emmett, Lindsay Emmett, Matthew Stokes, Mary Hunter, David Rae, and Dale Stephenson at the Solicitors Disciplinary Tribunal.

Solicitors Regulation Authority v. Richard Kaufman et al: Judgment

October 10, 2017

Judgment in Solicitors Regulation Authority v. Richard Kaufman, Avram Kelman, and Philip Turner at the Solicitors Disciplinary Tribunal.

Solicitors Regulation Authority v. Alan Hutson et al: Judgment

March 24, 2017

Judgment in Solicitors Regulation Authority v. Alan George Hutson and Rachel Mary Hutson at the Solicitors Disciplinary Tribunal.

Sixth British solicitor struck off over Axiom Legal Financing Fund fraud

August 8, 2016

Christopher Hale has become the sixth British solicitor to be struck off due to involvement in the Cayman Islands-based Axiom Legal Financing Fund, which defrauded investors of more than £100 million before collapsing in 2012 after being exposed by OffshoreAlert.

Axiom Fraud: Solicitors Regulation Authority v. Christopher Hale: Judgment

July 20, 2016

Judgment in Solicitors Regulation Authority v. Christopher Hale at the Solicitors Disciplinary Tribunal.

Axiom Legal Financing Fund conspirator Portland Financial goes bust

November 3, 2013

Portland Financial Management Group, which helped Tim Schools defraud Axiom Legal Financing Fund and launder the proceeds, has collapsed amid regulatory problems and substantial debts. The group's principals, Anthony Smith, Tim Eddolls and Connie Rodrigues, now operate under new names: Prestige Financial Management, Cavendish Financial Management, Corbus Portfolio Solutions, and Corbus Private Clients.

Rohrer & Co.: Statement of Administrator’s Proposals

August 16, 2013

Statement of Administrator's Proposals for Rohrer & Co., formerly Bracewell Law, at the High Court of Justice, Chancery Division.

British legal regulator takes over Axiom borrower for ‘suspected dishonesty’

July 3, 2013

A law firm that borrowed at least £8.9 million from Axiom Legal Financing Fund was taken over and closed down today by Britain's Solicitors Regulation Authority, which stated that "there is reason to suspect dishonesty".

British law firm owes Axiom Legal Financing Fund £61M, says administrator

June 2, 2013

Insolvent Ashton Fox Solicitors owes failed Cayman Islands-domiciled Axiom Legal Financing Fund "approximately £60.8 m" but that is only an estimate "due to the paucity of the Company's accounting records", reported the law firm's joint administrator on May 15.

Axiom Legal Financing Feeder Fund: First Report of Receivers

May 15, 2013

First Report of Receivers regarding Axiom Legal Financing Feeder Fund.

Axiom Legal Financing Master Fund: First Report of Receivers

May 15, 2013

First Report of Receivers Grant Thornton regarding Axiom Legal Financing Master Fund.

Axiom fraud leaves offshore providers exposed to massive claims for damages

November 19, 2012

Offshore providers in the Cayman Islands, Isle of Man, and Switzerland face huge liabilities after allowing insiders to loot Axiom Legal Financing Fund of tens of millions of pounds. Those most at risk from being sued by Axiom's eventual liquidators appear to be DMS Group, JP Funds Group, BDO Cayman, and Ogier, all in the Cayman Islands; Turnstone Group, in the Isle of Man; and Portland Financial Management, of Switzerland.

Axiom Legal Financing Fund appears to be a Ponzi scheme

November 5, 2012

New evidence uncovered by OffshoreAlert indicates that the recently-suspended Axiom Legal Financing Fund is hopelessly insolvent as a result of self-dealing and fraud by insiders. The Cayman Islands-domiciled Fund, which has raised more than £117 million, appears to be a Ponzi scheme.