Bell Yard advised the beneficial owners of two companies suing a Swiss bank at the High Court in London for breach of duty over the sale, at an undervalue, of its oil field asset in Central Asia.
Bell Yard highlighted to media key reports from court of the inadequacy of the M&A process and the independent experts’ research into the potential value of the claimants’ interest in the oil field. When the High Court found that the bank did not owe a duty of care to the claimants.
Bell Yard was on hand to focus attention on the Bank’s “reprehensible” conduct and derogatory attitude to its client, made plain in a series of emails as reported in the judgment. Efforts to appeal against the judgment of the first instance court are ongoing.