Tchenguiz wins UK ruling on Kaupthing

first_imgWednesday 16 March 2011 9:56 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusBetterBe20 Stunning Female AthletesBetterBe whatsapp Share THE Tchenguiz family has won the right to have a damages claim against Icelandic bank Kaupthing heard in the UK courts, after a judge determined that claim, worth more than £1bn, was subject to English law.Property investment tycoon brothers Robert and Vincent (pictured) Tchenguiz, who were arrested on 9 March as part of a fraud investigation into Kaupthing’s collapse, will now have the merits of their damages claim heard in the English High Court, upholding a jurisdictional clause in the original loan agreement with the bank. The Icelandic lender, taken under state control in October 2008, had tried to have the claim dismissed from the UK system, leaving a separate claim to be filed as part of administration procedures in Iceland. A statement released on behalf of Consensus Business Group, of which Vincent Tchenguiz is chairman, said: “I am delighted that the English High Court has recognised the right of the claimants to bring their claim in England. All dealings with Kaupthing Bank were conducted in England under English law … The substantive claim for damages of over £1bn will now proceed in the English courts.” The family’s trust is also pursuing Kaupthing in Reykjavik court, as part of the bank’s winding up procedure under the Icelandic administration regime. The Tchenguiz brothers were released without charge last week as part of an ongoing investigation into the Icelandic bank’s downfall. center_img Tchenguiz wins UK ruling on Kaupthing Tags: NULL Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale KCS-content last_img read more