We acted on behalf of former directors in the defence of personal claims against them, which concerned financial advice provided to various clients and high net worth individuals.
The claim and subsequent court proceedings against our clients involved complex and legal factual issues under the general law and also under financial services legislation. We assisted the clients in filing a robust defence and represented them at a number of procedural court hearings. Subsequently a lengthy mediation took place at which we represented our clients. This led to a settlement of the claims at a modest figure compared to the substantial claims they had originally faced.