By Silvia Martelli (October 29, 2021, 12:12 PM BST) — A judge has rejected a request by a London property developer to appeal in an indemnity suit that it lost against AXA because it had not disclosed that its director was a former executive at Goldman Sachs involved in Malaysia’s 1MDB scandal.
Lionel Persey QC, sitting as a judge at the High Court, has refused to let Berkshire Assets (West London) Ltd. appeal his earlier conclusion this month. Judge Persey had ruled that AXA Insurance UK PLC would not have insured the developer if it had disclosed that one of its directors was facing criminal charges for arranging bond sales for the…
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