August 10, 2012
The High Court judgment, handed down this morning, dismissed all of Mr. McKillen's claims as being without any basis in fact or law. It is a comprehensive victory for the Barclays, who are existing clients of the office, having worked with senior private equity partner, Marco Compagnoni, continuously over the last 20 years on a wide range of deals and other high profile matters. Compagnoni acted for the Barclays on all the various transactions relating to the Maybourne Hotels Group, which formed the basis of Mr. McKillen’s unsuccessful challenges. Today's ruling follows two earlier Court of Appeal decisions in favour of the Barclays on key preliminary issues in the case.
Weil's litigation team included Jamie Maples, Victoria Burton and Kate Russell. The transactional team was led by Marco Compagnoni with James Harvey and James Hogben. Weil instructed Ken MacLean QC, Lord Grabiner QC, Jeffery Onions QC, Sa'ad Hossain and Edmund Nourse, all of One Essex Court.
Marco Compagnoni said, "The Court's decision represents a major victory for Sir David and Sir Frederick Barclay and their interests and a repudiation of the claims brought against them. This is an outstanding result. Weil's litigation team here have won in a resounding way."