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30 January 2015 / Dominic Regan
Issue: 7638 / Categories: Features
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Strange but true

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Dominic Regan considers a case that blurred the line between fiction & reality

There has never been a case remotely like it, ever. What follows is true. Islamic Investment Company of the Gulf (Bahamas) Ltd v Symphony Gems NV [2014] EWHC 3777 (Comm), [2014] All ER (D) 222 (Nov) concerned real litigation and remarkably, pretend litigation too.

The claimant obtained summary judgment against the second defendant, RM, for a tad over $10m back in 2002. Not a penny has been paid. The defendant with sublime elegance bobbed and weaved, securing adjournment after adjournment of all enforcement measures. Six years on in 2008 the High Court concluded that the contempt was contumacious and a hefty period of committal was the only medicine that would work.

Enter Mr Andrew Benson, a partner in a law firm. I should say at the outset that there is no suggestion of his antics being motivated by personal gain or profit. The partnership was unaware of his actions.That rather makes his activities even more opaque. I cannot better the summary given

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NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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