Property Developers Step Up Appellate Fight Against Barclays
Law360, London (January 29, 2019, 9:48 PM GMT) -- Two property development companies urged the Court of Appeal on Tuesday to revive their conspiracy claims against Barclays, arguing that a lower-court judge failed to factor in allegations of deliberate misrepresentation and the omission of several key facts.
Elite Property Holdings Ltd. and Decolace Properties Ltd are seeking to overturn a ruling by High Court Judge David Waksman in July 2017 that struck down their conspiracy claims against Barclays Bank PLC, concluding that the allegations had been inadequately pleaded.
The firms allege that Barclays’ involvement in the foreclosure of Elite’s facilities and the appointment of a receiver over their properties after...
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