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Financial litigation

Claims concern alleged breaches of the underlying loan documentation and in addition allegations concerning the acquisition of Somerfield Plc (and its subsequent disposal)and various other transactions entered into by the Manx subsidiary in the lead up to the 2007 banking crisis encompassing allegations as to Kaupthing hf's relationship with the corporate structures of the Tchenguiz brothers. Currently English and Isle of Man Schemes of Arrangement pursuant to the Companies Act 2006 and the Companies Act 1931 are proposed in respect of the liquidation of the Manx subsidiary under which the total value of challenged transactions through the course of the extant litigation is worth circa £500 million to the company's estate.

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London Bankside

Bankside Office

240 Blackfriars Road
London
SE1 8NW
DX 53 Chancery Lane

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

London Mayfair

Mayfair Office

6 Grosvenor Street
London
W1K 4PZ

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

Oxford

Oxford office

6 Worcester Street
Oxford
OX1 2BX

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

Bankside Office

240 Blackfriars Road
London
SE1 8NW
DX 53 Chancery Lane

Telephone: +44 (0)20 7629 7411
Fax: +44 (0)20 7629 2621
Email: bh@boodlehatfield.com

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