Lord Justice Christopher Clarke’s cost judgment in Excalibur Ventures v Texas Keystone and others [2013] is out. To precis the most interesting points, the implication of the judgment is that Clifford Chance (CC) has, for its clients:
◾ aggressively pursued serious and wide-ranging allegations of dishonesty or impropriety;
◾ without any apparent foundation in the documentary evidence for those allegations;
◾ courted publicity for those allegations both before and during the trial;
◾ pursuing a claim which was irreconcilable with the evidence.
