In the Headlines
November 2, 2013
Charter Collapse Sparks 'Kickbacks' Legal Row
TradeWinds
A Venezuela-based ore trader, Commodities & Minerals Enterprise (CME) believes its lawyer has secretly acted as a broker and received kickbacks from Kyma Ship Management in a bulker charter. The trader is now taking action against Kyma and Maritime Partner Michael Frevola who represents CME, says the damages under the Racketeer Influenced and Corrupt Organizations Act could reach about $80 million.
"When you are a lawyer acting on behalf of the clients, you have an obligation to represent the client's interest without any divided loyalty, including loyalty to yourself," Mr. Frevola explained.
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