Bank Wins Dishonesty Case In €100M Fraud, But Still Liable

Law360, London (April 11, 2019, 4:36 PM BST) -- A former banking unit of LLB AG was handed a partial win in a London appeals court on Thursday in a case centered on a €100 million ($113 million) fraud, successfully pinning liability for dishonest assistance on an accountant but failing to overturn other findings against it.

The Court of Appeal has allowed an appeal brought by LLB Verwaltung (Switzerland) AG, which had alleged that the judge at the lower court had “misstated and misapplied” the test for dishonest assistance when he let Martin Landman, an accountant who acted as a partner in Notable Services LLP, off for dishonest assistance over...

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