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Investment in the complex structured financial products
The subscription took place between September 2014 and April 2014 (we don't have the exact dates). -
Investment in the complex structured financial products
The subscription took place between September 2014 and April 2014 (we don't have the exact dates). -
Product maturity - Discovery of the loss
October 2017 - Mr. Etienne and Mrs. Touitou Zorelle discover their loss. -
Period: to
Pre-litigation exchanges
It seems that there were no written claims against Montblanc Kapital before the December 2019 summons -
Summons issued
Summons issued to Montblanc and the other co-defendants -
Notification of the claim to the insurer
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Stelliant appointment
Starstone appoints Stelliant for the claim -
Emails between Starstone and Stelliant
From the email exchanges, we understand that Stelliant has accepted the appointment of the insured's lawyer (without obtaining Starstone prior approval). Nathalie Rolfe reminds Stelliant that Starstone's approval is normally required (in particular, for Starstone to pay the defence costs, the insured must obtain the approval of Starstone or Stelliant). -
Email from Starstone to the insured
Charlotte writes to the insured and his lawyer to inform them that Starstone was taking over the management of the case directly (management is no longer delegated to Stelliant because of the high quantum). "Just to let you know that GMC have referred this claim back to us due to potential quantum, and as such we ask you deal with us directly. I look forward to your updates in due course." -
Emails between Stelliant and the insured
Email from Stelliant explaining to Starstone that the insured called him because he doesn't speak English. -
Email from Stelliant to the insured
Email from Stelliant informing the insured that the email sent by Charlotte Chapman explained that Starstone is taking over the claim -
First payment of defence costs
Email from Starstone to Stelliant informing that they have paid an invoice for defence costs. -
Email from the insured to Stelliant - sending of the invoice dated 31 March 2022
Email from the insured to Selliant with the invoice n°20226505 dated 31 March 2022 attached for the payment by Starstone -
Starstone asks Stelliant to act for them again
The insured does not understand English, so Starstone asked Stelliant to be involved in the claim again, in particular to explain in French the process for paying defence costs -
Email from Stelliant to Starstone on the 2022 invoice
Stelliant informs Starstone that it has obtained from the insured the correct invoice for the payment of the insured's lawyer -
Email from the insured to Stelliant on an unpaid invoice
The insured informs Stelliant that invoice no. 20226602 (for 2022) has not been paid. -
Email payment of the invoice for defence costs
Email from Stelliant to the insured to inform him that Starstone has payed the invoice no. 20226602. -
Email Stelliant to the insured
Stelliant asks the insured for a lot of information about the state of the litigation and the risk of liability.
It says "The Company would like to analyse the risk of liability/conviction in this case". -
Email from the insured to Stelliant
Email from the insured to Stelliant giving the information requested on 5 January 2023 (the hearing will take place in April/May and there is a risk of conviction even if liability will be joint and several with the other defendants) with submissions no. 4 from Mr. Etienne and Mrs. Touitou attached