An application has been made to the High Court to have CMS Cameron McKenna removed as the lawyers for two KPMG administrators over allegations that the firm’s role represents a conflict of interest.
The application, made by Hausfeld client property developer Julie Davey, has been stayed by Mr Justice Henderson pending the outcome of Davey’s legal battle with the KPMG administrators, scheduled to be heard in October.
Hausfeld has submitted a separate application to have the KPMG partners removed as liquidators to Davey’s now defunct company, Angel Group, claiming they acted in collusion with Lloyds Bank to put the business into insolvency.
Hausfeld partner Anthony Maton has instructed Guildhall Chambers Stephen Davies QC on both applications.
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This is the second claim in recent months, involving Barristers from Guildhall Chambers, that has alleged collusion to “cause loss” to a business. Premier Motorauctions is suing the bank and PricewaterhouseCoopers on allegations the two organisations “conspired” to encourage an “interim business review” that would ultimately place the value of the business “in the hands of [Lloyds Bank] with the consequence that the claimants would suffer loss”. Lloyds has turned to CMS to defend the claim.
Guildhall Chambers’ Hugh Sims QC, has been instructed by Hausfeld partner Anthony Maton.
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