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One Blackfriars case against BDO dismissed by court

The case was brought by the joint liquidators of One Blackfriars Ltd against two partners of BDO who acted as that company’s former administrator

A court has dismissed claims against two BDO partners in the One Blackfriars Ltd case.

The large case was brought forward by joint liquidators of One Blackfriars Ltd against two BDO partners who acted as the company’s former administrator, one of whom has died, with around £250m being claimed.

Yesterday (23 March), a court dismissed all of the joint liquidators’ claims against the former administrators.

The judge said: “The (joint liquidators) have failed to persuade me that the (former administrators) acted in breach of any of their duties. It was therefore not necessary for me to consider any of the issues relating to loss of chance, damages or causation.

“The (joint liquidators’) claim is dismissed in its entirety.”

Gervase MacGregor, head of Risk and Reputation at BDO, said: “We always considered that the claims made against us were entirely without merit.

“We are pleased with the result. Thanks go to our legal team at Mayer Brown and 4 New Square and to the technology providers who enabled a four-week trial to take place completely remotely.”

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