The Tchenguiz brothers are free to push ahead with claims worth more than £1bn against failed Icelandic bank Kaupthing in the English courts, after a ruling earlier today which handed roles to a trio of firms.
Mr Justice Burton today (16 March) dismissed Kaupthing’s attempts to strike out the claims and challenge the jurisdiction of the English court, paving the way for the English High Court to hear damages claims by the Tchenguiz Family Trust and the Tchenguiz Discretionary Trust, together worth more than £1bn.
