Application for leave to appeal agaist orders made against the directors of Barings plc following its collapse. The appellants alleged abuse of process and unfairness and double jeopardy.
Held: ‘It is true that the underlying facts of the charges brought by the SFA and the Secretary of State are the same. However, as Lord Justice Chadwick has set out very fully in his judgment, the status, the issues and the consequences of the two sets of proceedings have very important differing features. ‘ The application was dismissed.
Judges:
Swinton Thomas, Waller, Chadwick LJJ
Citations:
[1998] EWCA Civ 943, [1999] 1 WLR 1985, [1999] 1 BCLC 226, [1999] BCC 639, [1999] 1 All ER 311
Links:
Statutes:
Company Directors Disqualification Act 1986
Jurisdiction:
England and Wales
Company, Natural Justice
Updated: 30 May 2022; Ref: scu.144422
