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Abdelmamoud v The Egyptian Association in Great Britain Ltd

We have achieved a superb win against Herbert Smith Freehills LLP, which has the prestigious calibre of being a Silver Circle law firm, being one of the best law firm’s in the world, at the Court of Appeal of the High Court RCJ Strand, the case being published with neutral citation Number: [2018] EWCA Civ 879. ( white book will be updated accordingly). The case was reported 6 June 2018, and published in the Times, see: https://www.thetimes.co.uk/article/persons-directly-affected-by-judgment-against-company-t3rm3fglp The case was heard before three Lord Justices, HHJ Mr Justice Newey gave the Judgment and HHJ McCombe and HHJ Longmore agreeing. The Appellants were represented...

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High Court braced for £600m Lloyds HBOS trial

A £600m trial dealing with Lloyds’ takeover of HBOS during the height of the financial crisis is set to begin at the High Court tomorrow. The claim against Lloyds and five former directors, being brought by a large group of former Lloyds TSB shareholders, alleges they were misled in the run-up to the acquisition. The bank and former directors deny wrongdoing and will contest the claims. Opening submissions are expected to be heard tomorrow at the Rolls Building in the Royal Courts of Justice. The claim is founded on alleged breaches of duties owed by the former directors in recommending the acquisition of...

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Government raises bankruptcy threshold to £5,000

The numbers of people being declared bankrupt could fall sharply after the government announced a seven-fold increase in the minimum amount of debt necessary to trigger this form of insolvency. Ministers are hiking the amount of debt over which an individual can be made bankrupt from £750 to £5,000 – the first increase for three decades. Many campaigners welcomed the move, saying it would prevent creditors making people bankrupt for “unreasonably small debts”. However, others say the change will make it more difficult for consumers to pursue tradespeople, landlords or others who are steadfastly refusing to pay what they owe. At the same...

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