News & Events
News & Events
The judgment in Shah v HSBC Private Bank is now out. After three interlocutory appeals in the Court of Appeal in which the Bank largely succeeded, they have now succeeded completely at trial. Richard Lissack QC and Nicholas Medcroft acted as Leading and Junior Counsel for the Bank. The Claimants put their claims for in excess of $300,000,000 on two bases: first, that the Bank was in breach of contract in failing to process their payment instructions; second, that the Bank was in breach of contract in failing to provide them with information as to the facts that had caused it to fail to effect the first and second transactions, documentary evidence of the same, the name of the authority…
News 15 May, 2012
Outer Temple Chambers silk Michael Bowes QC has taken a leading role on a high-profile insider trading case (R v Mustafa and others). The Financial Services Authority (FSA) has appointed Bowes to lead its prosecution of a group of seven men accused with running a £1m print room spread-bet scam. Southwark Crown Court has been told that the friends and their relatives obtained confidential takeover documents from high-security printing rooms at two of the City’s biggest investment banks. The men are accused of using the information from JPMorgan Cazenove and UBS to bet on the shares of six companies – Reuters, Biffa, Premier Oil Vega, Enodis and Thus – between May 2006 and May 2008.
News 12 Mar, 2012
