Orlando Gledhill was the lead junior for Goldman Sachs in this US$1.2 billion claim by the Claimant sovereign wealth fund to set aside 9 equity derivatives transactions for alleged undue influence and/or as unconscionable bargains. He appeared with Robert Miles QC and Rupert Allen, instructed by Herbert Smith Freehills. A 7-week trial in the Chancery Division in June and July 2016 involved detailed consideration of the LIA’s relationship with the bank in 2007 to 2008 and expert evidence on pricing/profits and suitability.
Rose J today dismissed the claims in a Judgment available here.