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Barclays to pay own $46 million legal bill in case over 2008 bailout from Qatar and Abu Dhabi

Barclays to pay own $46 million legal bill in case over 2008 bailout from Qatar and Abu Dhabi
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United kingdomCity ofKhaled khatounCapital groupAmanda staveleyDavid waksmanAbu dhabi backedஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்ஹேலிட் கட்டௌன்மூலதனம் குழு

Barclays to pay own $46 million legal bill in Staveley court case

2 Min Read FILE PHOTO: The Barclays logo is seen in front of displayed stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/Illustration/File Photo LONDON (Reuters) - A judge ruled Barclays will have to pay its own 33 million pound ($46.09 million) legal bill despite winning a case against British businesswoman Amanda Staveley’s PCP Capital Group over how the bank negotiated a financial lifeline during the credit crisis in 2008. Judge David Waksman said on Thursday he made “no order as to costs”, meaning both sides will pay their own legal costs. PCP had been potentially liable for both sides’ expenses under England’s “loser pays” laws.

United kingdomCity ofKhaled khatounLawrence whiteJane merrimanThomson reuters trust principlesCapital groupAmanda staveleyDavid waksmanAbu dhabi backedThomson reuters trustBanks trbc level 4Banks nec trbc level 5Banking services trbc level 3Crime law justiceCompany news

Barclays must pay £33m legal bill for Amanda Staveley court case : CityAM

In the High Court today Judge David Waksman said he made “no order as to costs”, so both sides will pay their own bills. According to court documents, Staveley’s PCP Capital Partners amassed nearly £20m in legal costs during the long-running trial. Lawyers acting for Ms Staveley had called for the bank to contribute £11m towards her expenses. “We welcome the Judge’s decision, which justly ensures that PCP is not liable to pay Barclays any of its costs of the litigation,” Khaled Khatoun, Staveley’s lawyer, said today. The high-profile trial centred around the claim that Barclays gave Staveley’s private equity firm less favourable treatment than other parties in the emergency £7.3bn fundraising that saved the bank from a state bailout in 2008.

Roger jenkinsAmanda staveleyKhaled khatounRichard boathHigh courtFinancier amanda staveleyJudge david waksmanFebruary judge waksmanரோஜர் ஜென்கின்ஸ்ஹேலிட் கட்டௌன்ரிச்சர்ட் படகுஉயர் நீதிமன்றம்

Barclays : to pay own $46 million legal bill in Staveley court case

Message : Required fields LONDON (Reuters) - A judge ruled Barclays will have to pay its own 33 million pound ($46.09 million) legal bill despite winning a case against British businesswoman Amanda Staveley s PCP Capital Group over how the bank negotiated a financial lifeline during the credit crisis in 2008. Judge David Waksman said on Thursday he made no order as to costs , meaning both sides will pay their own legal costs. PCP had been potentially liable for both sides expenses under England s loser pays laws. Waksman in February had found Barclays guilty of serious deceit over the deal which offered Barclays a lifeline during the crisis, but denied Staveley damages and dismissed her claim.

Khaled khatounLawrence whiteJane merrimanJudge david waksmanAbu dhabi backedReporting by lawrenceBarclays plc stock exchangePress releaseNegotiated barc gb0031348658ஹேலிட் கட்டௌன்லாரன்ஸ் வெள்ளைஜேன் மெரிமந்புகாரளித்தல் வழங்கியவர் லாரன்ஸ்பார்க்லேஸ் ப்ல் ஸ்டாக் பரிமாற்றம்ப்ரெஸ் வெளியீடுஆட்சி செய்தார்

Barclays to pay own US$46 million legal bill in Staveley court case

Barclays to pay own US$46 million legal bill in Staveley court case
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