Jun 1, 2020

Judge orders Barclays to hand documents to Amanda Staveley ahead of trial

Barclays has been ordered by London's High Court to disclose more than 1,000 documents to Amanda Staveley's PCP Capital Partners ahead of a high-profile £1.5bn civil trial next week over the bank's 2008 emergency fundraising. Mr Justice Waksman on Monday ruled that Barclays should hand over the documents to PCP, which is suing Barclays over the 2008 fundraising in the High Court. The court ruling comes days before the start of the trial pursued by Ms Staveley, whose company is accusing Barclays of alleged deceit. Barclays had resisted handing over the documents, claiming that PCP's disclosure request was asking for "Far too much, far too late" given the imminence of the trial. The company claimed that Barclays had effectively waived legal privilege over the contested documents in respect to the side deals with Qatar because in its defence the bank had "Extensive reliance" on the advice given at the time by its lawyers.

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