REVEALED: THE TOP 20 CASES OF 2016
By Tabby Kinder | 18 January 2016
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
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