Barclays looks set to spend a healthy chunk of time at the High Court this year, no matter how hard it tries to resist.
Its relationship with the defunct firm – which dramatically collapsed in 2012 – is about to be laid bare after the bank failed to avoid a mammoth disclosure exercise relating to its loans to former partners.
It is another new chapter in the Dewey saga, which has seen partners and bankers hurling abuse at each other since the firm collapsed. But it is also the latest in a long (and no doubt costly) series of battles waged by Barclays over debts it claims it is owed.
The bank is also at the centre of the high-profile Libor misselling case brought by Guardian Care Homes (GCH). After failing to fight off a David and Goliath claim in the Court of Appeal it will take on GCH in April 2014 and then face Dewey partner Lester Charles Landgraf in December.
The phrase ‘neither a borrower nor a lender be’ springs to mind, though for a bank that might be tricky.
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- A former ABN Amro lawyer is suing the bank for racial discrimination
- Blackstone Chambers has picked up its third silk in a year with Brick Court’s Alan Maclean QC
- Master of the Rolls Lord Dyson has recommended raising the cost budgeting limit from £2m to £10m for commercial court cases