We are pleased to advise that the Supreme Court, the United Kingdom’s highest court, has granted SIB permission to appeal the decision of the Court of Appeal. In a decision dated 15 April 2021 the Court of Appeal dismissed SIB’s claim in dishonest assistance and the majority of SIB’s damages claim in negligence against HSBC.
It should be noted that the Joint Liquidators did not appeal the Court of Appeal’s decision in relation to dishonest assistance and so the appeal to the Supreme Court relates to SIB’s negligence claim.
The Joint Liquidators of SIB continue to believe that the pursuit of HSBC is in the interests of the SIB Estate. We will keep you updated as the Supreme Court appeal progresses.
See attached copy of the Supreme Court notice.
