Interim decision in SFO's battle with Tchenguiz brothers

"They wanted to get some scalps …. And now I'm going to butcher them"

The property investor Vincent Tchenguiz is reported to have observed of the United Kingdom's Serious Fraud Office (the "SFO") and its investigation into the collapse of the Icelandic bank Kaupthing hf. ("Kaupthing"), which had seen him and his brother arrested in a March 2011 dawn raid.   Following a successful judicial review, of the lawfulness of the issue of the warrants which led to their arrest, the Tchenguiz brothers are now claiming £300 million of damages from the SFO.  This claim is set for its substantive trial later this year.

Meanwhile, my article, which can be found by clicking here, considers a recent interim decision made by the English High Court in the course of this long-running and hard fought dispute regarding the use of privileged documents that have been inadvertently disclosed.