Peters & Peters acts in High Court battle against Vincent Tchenguiz

Peters & Peters has been instructed by a ‘creative intelligence agency’ run by a group of former Israeli intelligence operatives to launch a breach of contract claim against businessman Vincent Tchenguiz.

The claim was filed at the High Court last month (18 March 2013) by BC Strategy, known as Black Cube, which has been working with Tchenguiz on a number of projects.

According to the claim, the company is suing Tchenguiz and his company Vincos, which trades as Consensus Business Group, for “debt and other damages” and alleged breach of contract. Together the claims total more than £330,000 plus interest. Black Cube is also claiming that it concluded an agreement with Tchenguiz that he would pay it additional fees of 1 per cent of the proceeds of cash settlements, court proceedings and proceedings from a proposed movie about Tchenguiz.

In December Tchenguiz launched a £200m claim against the SFO (4 December 2012) after it dropped an investigation into his affairs last summer (20 June 2012).

In response to Black Cube’s claim, Vincos has filed fraud proceedings against the company in Israel. Mr Justice Mann is today (10 April) hearing an application for anti-suit injunctive relief made by Black Cube in an attempt to halt the Israeli proceedings.

Peters & Peters senior partner Keith Oliver instructed Serle Court Chambers’ Paul Chaisty QC and James Mather for Black Cube.

Chaisty will go up against One Essex Court’s Laurence Emmett who has been instructed directly by the in-house legal team at Consensus.