18 November 2017
It has come to our attention that a certain Mr. Floris Alexander, affiliated with a Cypriot company named Legal Floris LLC, has been advertising legal services on that company’s webpage relating to FBME Bank Ltd, claiming that they can help depositors recover their funds from the Bank.
1 November 2017
FBME Ltd and the Saab family are deeply disappointed by the D.C. Circuit’s denial of rehearing earlier today. Although FBME Ltd. was quickly reinstated such that it always retained standing and ability to sue under the governing law of the Cayman Islands, its appeal has been dismissed and the merits have been left undecided. The result now is the same as it has been in so many instances where FinCEN and the U.S. government have imposed the dreaded fifth special measure under Section 311 of the USA Patriot Act: a foreign bank has been subjected to the death penalty and wiped out without getting its full and fair day in court.