DO PUNITIVE DAMAGES LIE AGAINST CBI CONSULTANCIES WHO SELL CARIBBEAN CBI AND CIP PASSPORTS AND CONCEAL EMERGING RISKS?

Whether Punitive Damages can be recovered, in civil litigation against consultancies, and their owners and executives, who continue to sell Caribbean CBI passports to investors, given the risks that foreign enforcement action, due to the exposure of massive fraud, money laundering and corruption, could result in a diminution of the value of those passports, for failure to expose major risks in advance to the buyers?

If you weren't paying attention at university, Punitive Damages, also known as Exemplary Damages, are considered punishment and are typically awarded at the court's discretion when the defendant's behavior is found to be especially harmful. They are damages assessed in order to punish the defendant for outrageous conduct and/or to reform or deter the defendant and others from engaging in conduct similar to that which formed the basis of the lawsuit.

Does the conduct of those sales staff at Dubai-based CBI consultancies that sell Caribbean citizenships, which currently come with Visa-free access to the EU and other jurisdictions, rise to the level of willful, wanton and reckless, because they fail to inform their clients, who must be regarded as consumers, on the ongoing and newly emerging risks that buyers incur, when purchasing economic citizenships, with the expectation that they will be able to get ready access to the Member state of the European Union? That is an issue for a court of competent jurisdiction to determine, and it is expected that attorneys who zealously advocate for their clients will be seeking its judicial determination, when bringing claims for damages. We will be reporting on those cases when they come to our attention.