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Landmark Privy Council decision - £14m in damages award confirmed

May 2012 - Litigation & Dispute Resolution. Legal Developments by Carey Olsen.

Simon v Helmot [2012] UKPC 5 page 1 of 5 March

On 7 March 2012 the Judicial Committee of the Privy Council handed down their judgment unanimously dismissing the appeal by Mr Simon from the Guernsey Court of Appeal on the issue of the discount rate to be applied and upholding that court’s award in damages to the claimant, Mr Helmot, of approximately £14 million.

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Landmark Privy Council decision - £14m in damages award confirmed