Appeal Court Confirms Strike Out Principles

Last year, leading offshore law firm DQ Advocates reported on the Isle of Man High Court's judgment in the case of The Slegaby Estate Limited and Samuel George Alder v Lloyds Bank International Limited (judgment dated 16 March 2015). That decision has now been upheld by the Island's Appeal Court, the Staff of Government Division (the "SGD"). DQ successfully represented the Bank before the SGD.

Strike Out at First Instance

In March 2015, the High Court struck out the claim brought in September 2014 by The Slegaby Estate Limited ("TSEL") and Sam Alder ("Mr Alder", together the "Appellants") against Lloyds Bank International Limited (the "Bank") on the grounds that the Bank allegedly, by breach of contract, negligence or other breach of duty, caused or contributed to the losses that had occurred on TSEL's property development venture in the Isle of Man (the "Claim").