Michael has recently concluded a trial in a long-running claim valued in excess of £1,700,000.00 in which he has represented the Defendant. The case concerned ten loan accounts allegedly advanced to the Defendant by a Cypriot bank that was subsequently nationalised by the Bank of Cyprus before the accounts were assigned to the Claimant. Following a five day High Court trial which dealt with the validity of the assignment Michael was instructed in the subsequent litigation seeking to enforce an all monies charge over the Defendant’s property and seeking a determination of the balances due under the loans.
The case was document heavy with disclosure in excess of 4,000 pages and required an analysis of both extensive transaction data and expert accountancy evidence. The judgment has been reserved and is expected to be handed down shortly.