Jeremy Richmond leading Max Davidson (instructed by Greenwoods GRM) acted for the successful second defendant in the London Circuit Commercial Court trial of a fraudulent misrepresentation / deceit claim arising out of a US$3m investment in the United States: Damazein Global Investments Ltd v Salamanca Capital Ltd and another [2019] EWHC 2730 (Comm).

Jeremy and Max’s client was a former director of a private merchant bank, the arranger for the investment. The claimant investor alleged that Jeremy and Max’s client had induced it to invest US$3m on the basis of allegedly deceitful statements about the investment sums already raised.

The trial began on 2 October 2019, listed for 10 days before HHJ Pelling QC (sitting as a Judge of the High Court). After 2 days of evidence by the claimant’s witnesses (including Jeremy’s cross-examination of the claimant’s sole director), the claimant discontinued its claim and agreed to pay the defendants’ costs of the proceedings on the indemnity basis.