SEMINAL VICTORY AGAINST SOCIETE GENERALE IN THE SUPREME COURT

SEMINAL VICTORY AGAINST SOCIETE GENERALE IN THE SUPREME COURT

December 19 2012

On 19 December 2012, the Supreme Court allowed an appeal against a decision of the Court of Appeal in proceedings arising out of the termination of the employment of Mr Geys, the former MD, European Fixed Income Sales of the Respondent Bank and his entitlement to a substantial bonus and contractual replacement bonus (£10 million). Mr Gey's bonus entitlement, and his entitlement to the contractual...

DAR AL ARKAN REAL ESTATE DEVELOPMENT COMPANY & ANR. V KROLL ASSOCIATES U.K. LIMITED & ORS.

DAR AL ARKAN REAL ESTATE DEVELOPMENT COMPANY & ANR. V KROLL ASSOCIATES U.K. LIMITED & ORS.

December 13 2012

In June 2012, the Claimants, a listed Saudi property company and Bahraini bank respectively, obtained without notice injunctions in the Commercial Court from Mr Justice Popplewell against the Defendants, Mr Al Refai, Kroll Associates and Mr Richardson. In support of that application, senior executives from the Claimants swore in affidavits that in April 2012, in the post and apparently anonymously,...

VTB CAPITAL PLC -V- NUTRITEK INTERNATIONAL CORP & ORS.

VTB CAPITAL PLC -V- NUTRITEK INTERNATIONAL CORP & ORS.

November 29 2012

Daniel Toledano QC, Jamie Goldsmith and Alexander Brown appeared for Nutritek (the first defendant) in successfully challenging the jurisdiction of the English courts to hear claims worth around $350 million. VTB Capital Plc (the claimant) claimed that it had been defrauded by the defendants into entering a loan facility with a Russian company, RAP. VTB sought to ‘pierce the corporate veil’...

GROUP EUROTUNNEL AND ITS INSURERS REACH A FINAL AGREEMENT ON COMPENSATION FOR THE 2008 FIRE

GROUP EUROTUNNEL AND ITS INSURERS REACH A FINAL AGREEMENT ON COMPENSATION FOR THE 2008 FIRE

November 22 2012

Richard Boulton QC, instructed by Shearman & Sterling, acted on behalf of Eurotunnel in connection with its claim for losses arising from the fire in the Channel Tunnel on 11 September 2008. On 12 November 2012, Group Eurotunnel announced that it had reached a final agreement with its insurers in a total amount of €253 million.