ERG notes that English High Court confirms breaches of duties and bad faith by the SFO and Dechert against ENRC

en

Eurasian Resources Group (“ERG” or “the Group”), a leading diversified natural resources group headquartered in Luxembourg, welcomes the judgment of the English High Court in the proceedings brought by Eurasian Natural Resources Corporation Limited, now its subsidiary, against Dechert LLP and the Director of the Serious Fraud Office, which was handed down on 16 May 2022. 

<< Back
19/05/2022 |
  • ERG's logo (002)

The judgment has finally revealed the truth about the events which set in train significant negative publicity about the Group, which has been ongoing for many years. It is now clear that a number of parties, including the law firm which earlier represented ENRC as well as senior officers of the SFO, breached their duties and/or acted in bad faith against ENRC.

In a judgment made public today following a 47-day trial between May and September 2021, the High Court has made unprecedented findings of “extraordinary” (§279) and “almost unimaginable” (§432) misconduct by ENRC’s former solicitor, Neil Gerrard, and three former SFO officers.

Michael Roberts, the Partner at Hogan Lovells International LLP with conduct of the proceedings on behalf of ENRC, said: “Sadly, it is now clear that ENRC was betrayed and exploited as Dechert sought to maximise its own billings, even to the extent of leaking privileged material in order to prompt action by the SFO. Far from the integrity and fairness to be expected of a government law enforcement agency, the SFO was itself complicit in Dechert’s dishonest conduct.”

A spokesperson for ENRC said: “We repeatedly urged both Dechert and the SFO to examine the evidence, and to draw the obvious conclusions. At every turn, we were rebuffed, and both Dechert's and the SFO's leadership chose, at great expense, to defend the indefensible. As much as ENRC welcomes today's judgment, it is also profoundly concerned by the very serious implications for other Dechert clients and other subjects of SFO investigations.”

More detail is here: https://enrcnews.com/

 

Back to top  | << Back

Communiqués liés

Bonn
30/06/2022 Personnalités

Nouvel associé chez Bonn & Schmitt

Les Associés de BONN & SCHMITT ont le plaisir d’annoncer l’arrivée au 1er ...

Bonn & Schmitt Avocats
Andrew Faber Head of cybersecurity at G-Core Labs (002)
29/06/2022

G-Core Labs launches stand-alone solution to protect against...

G-Core Labs, in cooperation with Intel, developed an XDP-based solution (eBPF), ...

G-core Labs
Terrains Orange dans The Luxembourg Metaverse

Orange Luxembourg prend ses quartiers dans le metaverse avec...

Orange Luxembourg a fait l’acquisition de deux terrains au sein du nouveau met...

Orange Luxembourg
Julie Becker CEO LuxSE 01 web
29/06/2022

LuxSE named Stock Exchange of the Year by Environmental Fina...

The Luxembourg Stock Exchange (LuxSE) has been granted the ‘Stock Exchange of ...

Bourse de Luxembourg
Luxair

Luxair lève le voile sur sa nouvelle livrée, signée Marco...

Renaissance, avenir, tradition... tant d’illustrations qui fourmillent sur la ...

Luxair
Michael Sheahan (002)
29/06/2022

Apex Group wins mandate from Encore Capital Management

Apex Group Ltd. (“Apex” or “The Group”), a global financial services pro...

Apex

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more