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Barings -v- Coopers & Lybrand

11th Jun 2003

[2003] Lloyd’s Rep IR 566; see also [2002] 2 BCLC 410, [2002] 2 BCLC 364, and [2001] Lloyd’s Rep PN 379

Jonathan Gaisman Q.C., Christopher Butcher Q.C., David Bailey and James Brocklebank were part of the team defending Deloitte & Touche in respect of their role as auditors of Baring Futures Singapore. The claim against D&T, which raised issues of scope of duty, causation, contributory negligence, deceit, and reflective loss, was for more than £1 billion. The claimants achieved judgment for just over £1.5 million.