BLG takes to High Court to recover £40m assets for Pender Insurance

Fresh from success in the Equitable Life trial, Barlow Lyde & Gilbert (BLG) is back in the High Court on behalf of Pender Insurance in an attempt to recover £40m of alleged stolen assets.

Partners Andrew Scott and Francis Kean are working in tandem with Clifford Chance‘s Terry O’Neill, acting for Cable & Wireless (C&W) in the case brought against 17 defendants, including law firm Collyer-Bristow.

C&W and its captive insurer Pender allege that the defendants were involved in siphoning off a total of £80m in reinsurance premiums from Pender to Guernsey-based protected cell company Messenger.

Collyer-Bristow and partner John Bailey are both named in the lawsuit for allegedly assisting in the fraud, along with Pender’s Isle of Man manager, insurance company Willis.

The other defendants are former employees of Pender, Messenger and Messenger’s parent company InsCom. InsCom and Messenger, which are both in administration, are also defendants.

BLG and Clifford Chance have instructed Brick Court Chambers’ co-head Jonathan Hirst QC for the claimants.

Lovells partner Dan Sayles, instructing Devereux Chambers’ head Colin Edelman QC, is acting for Willis. Beachcroft Wansbroughs’ Dawn Mullins and 4 New Square head Justin Fenwick QC are acting for Collyer-Bristow, while Byrne & Partners’ Nicola Boulton has instructed Sue Carr QC – also at 4 New Square – for Bailey.

Messenger is being advised by Berwin Leighton Paisner partners Andrew Rose and Carol Mulcahy and 3 Verulam Buildings’ Richard Salter QC. Ince & Co‘s Ben Ogden and 7 King’s Bench Walk silk Timothy Brenton QC are acting for former Willis manager Peter Foulger.

Collyer-Bristow denied the allegations.