Successful litigation recompenses client for their loss of £7.65 million
Protracted professional negligence case results in welcome conclusion for client.
We successfully brought a claim against a client’s former solicitors for negligence in respect of a settlement made with HMRC in 2003. The client was one of several hundred UK companies who filed suits against HMRC, involving a number of test cases in the House of Lords. The issue of negligence stemmed from whether the original solicitors had received the client’s instructions to settle or protect a specific aspect of the claim – its potential entitlement to compensation based on compound rather than simple interest. The difference between the two was £7.65 million, an amount which then formed the basis of our claim.
Hidden assets: protecting the Church Commissioners’ valuable minerals
Manorial minerals are mineral interests attached to the lordship of a manor. Since 1925, these rights have not needed to be registered at the Land Registry in order to bind the owner of the surface title (they have been ‘overriding interests’). However, from 12 October 2013, these rights will cease to override and must therefore be registered in order to be secure. If they are not registered, they risk being lost when title to the surface changes.
High-value, complex trust litigation
Farrer is acting for Russa Management Limited and others, trustee of Intertraders Trust, in proceedings brought before the Royal Court in Jersey by members of a wealthy Saudi-based family.
The British Library goes digital
Farrers advised the British Library on its partnership with brightsolid online technology, owned by DC Thomson, for the digitisation of up to 40 million pages of the Library’s newspaper archive. The contract was procured using the new Competitive Dialogue procedure.
Making art accessible
Opening up the National Gallery for art lovers around the world.
Positive resolution from complex disputes: the world’s highest-value divorce
Farrers has been advising offshore trustees in what has been described recently as “the world’s most expensive divorce”. One spouse is challenging the validity of transfers into a trust and also questioning whether they should be valued at the date of transfer, or based on the current value.
Private money funds raise £74 million
Group of private investors and entrepreneurs unite on MBO.
We advised a group of private investors, led by serial entrepreneur Neil Utley, in a deal to back the MBO team that bought the London brokerage and corporate finance house, KBC Peel Hunt. CEO Simon Hayes described the buyout as a rebirth for the company.