Spring Law sinks Tracy Edwards’ defence

Niche litigation practice Spring Law has scored a victory against Denton Wilde Sapte (DWS) in a High Court case brought against yachtswoman Tracy Edwards.

Former City lawyer Tim Perry, who set up Spring Law three years ago, was acting for Edwards’ sponsorship and marketing manager Mark Wilson in his fight to recoup salary and expenses from the sailor. DWS and Maitland Chambers’ Michael Gibbon advised Edwards.

In a judgment handed down on 1 July, Wilson was awarded £130,000 in relation to his claim, plus £20,000 costs.

Wilson was employed by Edwards to help her get sponsorship for yachting challenges in 2002. During the time he worked with her, he loaned her £110,000 to help buy the double-hulled catamaran Maiden II.

In December, a Newbury County Court judge ordered Edwards to repay the loan, which she did. But Wilson continued to the High Court to recoup interest from the loan, his salary and interest on that and expenses incurred during his time working for Edwards.

The case, heard by Master Fontaine, examined whether Edwards had a reasonable prospect of success if the case went to trial. The master decided she did not and so awarded summary judgment in Wilson’s favour. The question of whether someone has a reasonable prospect of success is generally seen as being a tougher threshold than whether the issue is genuinely triable under insolvency law.

Perry instructed Bajul Shah of XXIV Old Buildings.