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11 April 2013

Vincent Tchenguiz SFO fight sparks new legal action

Property tycoon Vincent Tchenguiz has been hit with £300,000 claim by an intelligence agency he used as part his £300m battle against the UK's Serious Fraud Office (SFO).

By James Barnes

London's High Court

The Financial Times reported yesterday that Black Cube – which describes itself as a ‘creative intelligence agency run by a group of former Israeli intelligence operatives’ – is asking for £300,000 plus interest for alleged breach of contract.
However, Mr Tchenguiz is also suing Black Cube in Israel for alleged fraud involving purported falsified invoices, which has been dismissed as a ‘fabrication’ by the agency.

Anti-suit injunction

According to the report, the intelligence agency asked the High Court in London yesterday to halt the Tel Aviv proceedings using a rare legal mechanism known as an anti-suit injunction. This forbids anyone subject to the jurisdiction of English courts from starting legal proceedings in another country.
The hearing concerning the injunction will has been postponed until later this month. In the meantime, proceedings in Tel Aviv are effectively frozen.
Black Cube claims it is due one per cent of damages that the SFO may pay Mr Tchenguiz following a bungled investigation into him and younger brother Robert.

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