Marchant’s full response is reproduced in full below where he claims “The libel law that the United Kingdom has vomited on its current and former colonies is one of the most repulsive pieces of legislation that exists in the civilized world.”

Fraudster Tim Schools turns to a reprobate's best friend - British libel law

“HIGHLIGHTS

• Fund's biggest borrower owed £50 m in June but had no cash to repay it
• Axiom insiders Tim Schools and David Rae on payroll of insolvent borrower
• Borrower ATM Solicitors so-named because Schools considered it his "cash machine"
• Audio recordings of insiders discussing the scheme
• Forged document sent to Fund auditor BDO Cayman”

Tim Schools to sue OffshoreAlert for defamation re Axiom Legal Financing Fund Claims