“Justice not to be sold, delayed or withheld.,’ 

-Magna Carta 1215.

Dear Friends and Supporters,

Hope you all had a good Sunday and wishing you a good flow for the day and a nice start to the week.

Our updates have been rather infrequent or repetitive. As traders, we represent a new social class that the court system is still unfamiliar with. This lack of familiarity ultimately brings to the bias and puts our adversaries at an advantage. In a similar way, any groundbreaking activity throughout history initially faced legal uncertainty. For instance, airplanes were initially governed by naval law because they were a completely new concept within the legal framework.

“Do you have any idea how many lives we must have gone through before we even got the first idea that there is more to life than eating, or fighting, or power in the Flock? A thousand lives, Jon, ten thousand!”
― Richard Bach, Jonathan Livingston Seagull

On 20 June , 2024, the Court of Appeal of the Bahamas (Court of Appeal) refused our application for a judicial review of the Supreme Court of the Bahamas (Supreme Court) Judge’s decision not to appoint a trial. in August 2023 Also UBS was awarded fixed costs.

We requested leave to appeal to the Privy Council but were directed to seek it in writing, meaning we will have to pay fees. Unfortunately, the Court of Appeal refused to consider waiving the fees.

On the same date the Court of Appeal reserved its decision whether to grant us leave to appeal from the same decision of the Supreme Court judge to not appointing a trial.

The Supreme Court judge has vacated our hearing of 24 June 2024 and a new date is not assigned yet.

On 28 June 2024 UBS came up with a novel application – a Statutory Demand. This seems like a frivolous attempt, as a Statutory Demand is only used for undisputed debts. UBS has “masterly” avoided trail, was blamed on 8 May 2023 Supreme Court ruling as to “has deprived the Plaintiffs of a trial date.”, created intentional delay and prejudice (see paragraphs 32 and 34 of the ruling) And yet, it coming up with such a grotesque move. It would be rightfully named circus and UBS unfortunate clowns but until this is set aside, we are again, facing a lot of work and likely additional costs. Sadly, the Supreme Court hasn’t responded to our application for a fee waiver renewal. And UBS’ lawyers appear to be disregarding the code of conduct for court officers, which is designed to prevent the courts from being burdened with frivolous and abusive applications.

On 15 July 2024 we will have a hearing before the Court of Appeal for two of our applications: a Stay of Taxation until the entire case is resolved and for Leave to Apply for Judicial Review, since two of our applications from 15 February, 2018, and 17 February, 2020, were not heard, our appeal was decided only on one narrow point, which we lost and are trying to reverse.

However, the entire case remains unheard, including the fact that summary judgment for residential property isn’t available under the court rules, that our counterclaim is much higher than the alleged UBS debts, and that the so-called default was artificially created by UBS. All these claims are adding to the claims of illegality—including unqualified and unlicensed UBS personnel and an illegal product itself Real Estate Collateralized Loan—have never been heard or considered by any court in the nine years of litigation.

My hope is that sooner or later, the entire judiciary will finally become tired of these never-ending, unscrupulous, and unfounded plays by UBS. After all, this fraudulent structure has already been fined for more than $10 billion around the world for its illegal practices.

 For those wondering why we aren’t profitable yet, at least now you can see the burden we are carrying, and we are confident we will transcend it.

“Truth will ultimately prevail where there is pains taken to bring it to light.”

​- George Washington

​We are doing our best, but without your support it would be hard or impossible, thank you again for being with us. 

And as always thank you very much for stopping by. please, share this post, sign our petition and get more signatures if you can.

With many blessings,

Irina and all