Court of Appeal upholds dismissal of Vincent Tchenguiz claim. Robert Tchenguiz withdraws from appeal process

In November 2014, Vincent Tchenguiz and related parties launched a claim in the English Commercial Court against Kaupthing and others. In July 2015, the Mrs Justice Carr ruled that the Tchenguiz parties were prohibited from suing Kaupthing in England. Today, 3 March 2017, the Court of Appeal has upheld the decision of Mrs Justice Carr.

The appeal made by Vincent Tchenguiz and related parties was initially to be heard by the Court of Appeal at the same time as an identical appeal made by Robert Tchenguiz and related parties. Robert Tchenguiz and related parties however withdrew from the appeal process prior to the hearing of their appeal.

Here you can find the judgement in the case.