Bermuda Supreme Court judge is considering whether a suit alleging breach of fiduciary duty (a breach of trust) or breach of contract against the Bank of Bermuda should proceed in open court.

The article in the February issue of LawOffshore, a publication of OffshoreOn.com, is printed in full on Page 17 of the business section of today's Royal Gazette .

The article states that Bermudian Dilton Robinson, who filed the civil suit against the bank in 1998, has applied to the court to add fraud allegations to the writ.

It adds that the bank in turn has applied to strike out the writ, preventing it from proceeding further.

And OffshoreOn.Com claims if the suit does go ahead, then it would be one of two that could hurt the bank's attempt to list on the Nasdaq stock exchange.

It said preliminary closed-door hearings on the bank and Robinson's filings were heard 24 and 25 January 2001 before Bermuda Supreme Court Justice Vincent Meerabux, who is expected to issue a decision soon on whether the case should proceed with the addition of fraud to the allegations.

In the story Bank of Bermuda declined to comment on the court action.

See Business, Page 17 BUSINESS BUC COURTS CTS