Tchenguiz

Vincent Tchenguiz and Iceland's Kaupthing settle lawsuit

Posted 04/11/2017 - 10:11 by anrigaut

2017-10-31 (All day)

Vincent Tchenguiz and Kaupthing said on Tuesday they had settled a 2.2 billion pound lawsuit brought by the real estate mogul after a botched Serious Fraud Office investigation into the Icelandic bank’s collapse during the credit crisis.
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Kaupthing said it had agreed to make unspecified payments to the Tchenguiz Family Trust (TFT) as part of the confidential settlement. Tchenguiz said he had withdrawn proceedings against all other co-defendants. .....

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English Commercial Court gives judgement on jurisdictional issues in Tchenguiz case

Posted 02/07/2015 - 08:25 by anrigaut

2015-06-30 23

In November 2014 Vincent Tchenguiz and related parties launched a claim in the English Commercial Court against Kaupthing, Jóhannes Rúnar Jóhannsson (a member of Kaupthing’s Winding-up Committee), Grant Thornton UK LLP and two partners of Grant Thornton UK LLP. ...

In January, Kaupthing and Mr Jóhannsson applied to have the claim dismissed or stayed on jurisdictional grounds. Today the Court has ruled that the Tchenguiz parties are prohibited from suing Kaupthing in England. The effect of this judgment is that proceedings on the substantive claims against Kaupthing cannot take place in England.

As regards Mr Jóhannsson, the Court has held that as a matter of territorial jurisdiction there is no bar to the claim as against Mr Jóhannsson continuing in the English courts. ...

Kaupthing is entirely satisfied that the allegations against Kaupthing and Mr Jóhannsson have absolutely no basis in fact or in law and should never have been made.

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Property developer Vincent Tchenguiz sues for £2bn in wake of SFO inquiry

Posted 28/11/2014 - 10:50 by anrigaut

2014-11-28 (All day)

Vincent Tchenguiz has launched a claim for £2.2bn in damages against accountants Grant Thornton and the estate of the failed Icelandic bank Kaupthing in connection with the collapse of a Serious Fraud Office investigation that was heavily criticised over a dawn raid it made on the property developer.

Tchenguiz accuses Grant Thornton, the administrator to Kaupthing, of having manipulated the SFO into launching its investigation into the circumstances surrounding the bank’s collapse during the 2008 financial crisis.
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His claim in the high court also names Stephen Akers and Hossein Hamedani, who are partners at Grant Thornton, and Johannes Johannsson, a member of the winding-up committee of Kaupthing. All three have been appointed by courts to act in the interest of creditors to the failed bank.
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Kaupthing’s winding-up committee said: “Neither Kaupthing nor Mr Johannsson have been served with court documents as yet, so we are not in a position to comment in detail. In any event it is not Kaupthing’s general policy to comment on specific business-related matters. What we can however say is that the allegations made by Vincent Tchenguiz about the conduct of Kaupthing and Johannes Runar Johannsson have absolutely no basis in fact or in law and will be very vigorously contested.”

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Entrepreneur Robert Tchenguiz forced to sell assets to pay Kaupthing creditors

2014-09-11 23

Flamboyant entrepreneur Robert Tchenguiz has had part of his business empire sliced off by receivers seeking to recoup funds for creditors of Kaupthing, the failed Icelandic bank. ...

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SFO to pay property developer Vincent Tchenguiz £6m over botched inquiry

Posted 26/07/2014 - 08:50 by anrigaut

2014-07-24 23

The property developer Vincent Tchenguiz will receive at least £6m and an apology from the Serious Fraud Office (SFO) following the collapse of an investigation against him two years ago.

The settlement for damages and costs relates to an investigation in to the troubled Icelandic bank Kaupthing, which went under during the 2008 banking crisis. Tchenguiz's brother Robert is still in talks over an agreement with the SFO and is continuing to pursue his claim for £100m in damages. ...

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Tchenguiz brothers: SFO arrest continues to hurt busines

Posted 08/04/2014 - 07:47 by anrigaut

2014-04-06 23

Robert and Vincent Tchenguiz, the Iranian property tycoons, have reported a “significant loss of business” due to their unlawful arrest by the Serious Fraud Office in connection with the collapse of Iceland’s Kaupthing Bank.

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The next round of litigation will take place in the High Court today and tomorrow, in front of Mr Justice Eder.

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City Diary: Whisper it but SFO may settle with Tchenguizes

Posted 13/12/2012 - 20:19 by anrigaut

2012-12-11 (All day)

The Serious Fraud Office expects to settle the £200m-plus compensation sought by property tycoons Vincent and Robert Tchenguiz out of court.

That’s the message from the directions hearing between the SFO and Tchenguiz family trust Rawlinson & Hunter Trustees last Monday, where Jeremy Johnson QC dropped strong hints that the planned trial date could be scrubbed out of the diary. ...

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Tchenguiz brothers launch damages case against SFO

Posted 03/12/2012 - 10:02 by anrigaut

2012-12-02 (All day)

Mayfair-based entrepreneurs Vincent and Robert Tchenguiz will launch their multi-million pound damages case against the Serious Fraud Office today. ...

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Robert Tchenguiz to sue SFO for damages after Kaupthing probe arrest

Posted 05/11/2012 - 08:25 by anrigaut

2012-11-04 (All day)

Entrepreneur Robert Tchenguiz is to take legal action against the Serious Fraud Office for damages after his arrest as part of an investigation into the collapse of Icelandic bank Kaupthing.
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Serious Fraud Office denies dropping its inquiry into Robert Tchenguiz

Posted 03/10/2012 - 20:36 by anrigaut

2012-09-15 23

The Serious Fraud Office has denied that it is poised to abandon its investigation into Robert Tchenguiz, despite releasing the property magnate from his bail conditions late last week.

The SFO insisted on Sunday that the case remains live and ongoing, and dismissed as "speculation" reports that it would soon drop the whole inquiry. It also confirmed that it is not renewing bail conditions for Tchenguiz or the two other remaining suspects in its three-year investigation into the collapse of the Icelandic bank Kaupthing. ...

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