Revealed: the top 20 cases of 2016
By Tabby Kinder | 18 January 2016
This is going to be a bumper year for the UK disputes market, with the High Court gearing up to host some of the most high-value and headline-grabbing litigation matters in a decade.
The combined sum in dispute among The Lawyer’s Top 20 Cases 2016 is calculated to be in excess of a colossal £6bn, with magic circle, independent, US and boutique litigation firms expected to cash in on the impressive mandates over the next few years.
The High Court cause list is set to be a veritable mixed bag of fraud, cartel, mis-selling and negligence claims brought against a host of institutions ranging from energy and banking giants to the professional services industries, including accountants and law firms, and Government.
The claimants will prove just as diverse, with major cases being brought by senior judges, high street retailers, Russian banks, a Nigerian community and the $64bn Libyan Investment Authority, among others.
Law firms will be on both sides of the dock as the legal aid procurement challenge rumbles on this spring and two firms, Fried Frank Harris Shriver & Jacobson and Forsters, face multi-million pound negligence claims.
Fortelus Special Situations Master Fund Ltd v Fried Frank Harris Shriver & Jacobson
Commercial court, 13 June, five weeks
Hedge fund Fortelus Special Situations Master Fund is suing the Paris office of Fried Frank Harris Shriver & Jacobson for breach of duty over advice on the enforcement of a €20m commercial loan.
The claim, expected to be in excess of €40m (£29m), arises out of debt purchased by the fund owed by a group of European companies headquartered in Paris in 2009.
The group collapsed leaving Fortelus with the multimillion-euro losses. Fortelus is seeking to recover damages on the basis that the insolvency and restructuring advice provided by Fried Frank was negligent.
Fortelus filed its claim in April 2014 and switched its legal team last year, dropping Travers Smith in favour of Signature Litigation.
For the claimant, Fortelus
4 New Square’s Roger Stewart QC, Graham Chapman QC and Pippa Manby, instructed by Signature Litigation partners Abdul Jiwaji and Dan Spendlove
For the defendant, Fried Frank
Fountain Court’s Patricia Robinson QC and Rosalind Phelps, instructed by Clyde & Co partners Fergal Cathie and Andrew Blair
Read the full article on The Lawyer here.