Court of Appeal addresses the application of SAAMCO in the context of audit negligence

January 31 2019

The Court of Appeal has today unanimously dismissed an appeal by Manchester Building Society against a judgment of Teare J holding that the Society’s former auditor, Grant Thornton, was not liable for mark-to-market losses incurred by the Society in relation to various long-term swaps. The proceedings arose out of hedge accounting advice provided to the Society by its auditor which was admitted...

One Essex Court sponsors Financial Services Regulation & Disputes Summit

January 28 2019

One Essex Court is proud to be a Panel Sponsor of the inaugural Legal Business Financial Services Regulation & Disputes Summit, taking place on 7 February 2019 in London. Sonia Tolaney QC and Daniel Toledano QC will be leading a panel session, and David Wolfson QC will be participating in a separate session, covering topics including, “Financial Services Disputes: Where do we go from here?”...

The Lawyer Top 20 Cases of 2019

January 21 2019

One Essex Court is delighted that 10 members of chambers are instructed in cases which feature in The Lawyer’s recently published Top 20 Cases of 2019. In March, Laurence Rabinowitz QC, Conall Patton and Emma Jones will form part of the counsel team representing Hewlett Packard/Autonomy in the largest fraud claim ever levelled at individuals in the English courts. The proceedings brought against...

North Sea oil JOA appeal dismissed

January 17 2019

The Court of Appeal has today unanimously dismissed an appeal by two participants in a North Sea oil joint venture, Centrica and TAQA, against a judgment of Robin Knowles J holding them liable to pay their share of pension scheme deficits incurred by the operator in relation to the joint operations. The proceedings arise out of the fact that Marathon Oil, as operator of the Brae oil fields, has retained...