PE Fund Must Pay £1.5M In Security For Suit Against Arundel

Law360, London (February 1, 2019, 9:50 PM GMT) -- A High Court judge in London ordered a private equity real estate fund suing a Swiss investment banking and management group to provide £1.5 million ($1.96 million) in security to ensure the defendant's legal costs are covered if the fund loses its case.

European Real Estate Debt Fund (Cayman) Ltd. filed a claim against Arundel Group Ltd., Arundel Deputy Chairman Doraiswamy Srinivas and businessman Anoup Treon in 2017.

Treon and the Arundel Group defendants petitioned the court for an order requiring the private equity fund to acquire the “after-the-event” insurance.

The request was granted by Master Nigel Price, according to a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!