HSBC v 5th Avenue & Ors

Summary

Reporting restrictions imposed at start of Commercial Court trial because of pending criminal trial were lifted by a permission order made on Michael Brown’s conviction.

Facts

The trial concerned civil claims arising from the bank fraud carried out by Michael Brown, the Liberal Democrat donor, who was convicted in relation to that fraud at Southwark Crown Court on 28 November 2008.

Held

The Judge made the declaration of non-liability sought by HSBC and dismissed all claims made against HSBC.