New Judgment – Re Killean Estate Limited [2024] EWHC 3054 (Ch)

The Claimant company director/shareholder alleged fraud against RSM and various administrators personally also claiming the administrators had sold a sizeable Scottish estate at a substantial undervalue. The Claimant’s Schedule of Damages included heads of loss for past and future damages exceeding £100m.

ICC Judge Barber declared the Claimant’s claim struck out and dismissed his associated applications ordering him in a separate costs ruling to pay the respondents’ costs on the indemnity basis with a payment on account of just under £100,000. The Claimant’s case was criticised by the court as ‘utterly lacking in reality’ and his Schedules of Loss were held to be ‘essays in make believe’.

The Judgment is available here.