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Contact

Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).

Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.

To contact our Singapore office, please contact our BD Director, Asia, Rachel Foxton. Out of office hours calls will automatically be diverted to our clerking team in London.

London

Twenty Essex Street
London
WC2R 3AL

enquiries@twentyessex.com
t: +44 20 7842 1200
DX 0009 Lond/Chan Lane

Singapore

28 Maxwell Road
#02-03
Maxwell Chambers Suites
Singapore 069120

singapore@twentyessex.com
t: +65 62257230

Contact

Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).

Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.

To contact our Singapore office, please contact our BD Director, Asia, Rachel Foxton. Out of office hours calls will automatically be diverted to our clerking team in London.

London

Twenty Essex Street
London
WC2R 3AL

enquiries@twentyessex.com
t: +44 20 7842 1200
DX 0009 Lond/Chan Lane

Singapore

28 Maxwell Road
#02-03
Maxwell Chambers Suites
Singapore 069120

singapore@twentyessex.com
t: +65 62257230

22/05/2012

Société Générale S.A. v Saad Trading, Contracting and Financial Services Company & ANR

This is an archived article, and some links may not work. Contact us if you have any questions.

Following the success last year of Société Générale SA, Europe's largest bank, in obtaining judgment for over $50 million against Saad Trading and Financial Services Company and Mr Maan Al-Sanea for their failure to reimburse the bank for having provided a letter of credit, the bank has now obtained an order from the Court of Appeal (Rimer and Aikens LJJ) providing that the judgment debtors should pay $5 million into court and provide security for costs, as a condition of pursuing their appeal.

In its judgment the Court of Appeal reaffirmed that when considering whether to impose conditions on a company's appeal it was legitimate to take into account the resources available to that company's owner (or other backer or interested person).

SocGen was represented both at the trial and on this application by Alexander Layton QC and Sean Snook.


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