Primeo Fund (In Official Liquidation) v (1) Bank of Bermuda (Cayman) Limited (2) HSBC Securities Services (Luxembourg) SA (FSD 30/2013) In a recent judgment of the Cayman Islands Grand Court, Mr Justice Andrew Jones QC has dismissed a US$2bn professional negligence claim against HSBC arising out of the Madoff investment fraud. The claim was brought by the liquidators of Primeo Fund, a Cayman fund that...
The ongoing 'Air Cargo' litigation involves claims for damage allegedly caused by airlines' anti-competitive agreements concerning cargo surcharges. In her latest judgment in that litigation, Mrs Justice Rose has severely circumscribed the temporal scope of the claims. The alleged damage resulted from flights both within the EU/EEA, and between the EU/EEA and...
One Essex Court’s Sandy Phipps, Mehdi Baiou and Andrew Lodder have all been recognised in the Legal Week feature, Stars at the Bar 2017, profiling 12 highly recommended junior commercial barristers at 10 years call and under. The article notes: “Sandy is outstanding – genuinely first class.” His character references are stellar. In a fiercely competitive profession,...
The Court of Appeal on Friday 28th July overturned the decision of Mrs Justice Carr to strike out the majority of the claim in the Sabbagh v Khoury proceedings, a significant piece of commercial litigation concerning the ownership of shares in a Lebanese construction group (namely, Consolidated Contractors Group SAL). On the principal issue, Gloster, Beatson and Patten LJJ unanimously found that the...
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