Bankim Thanki QC leading Ben Valentin of 3-4 South Square appeared for Lornamead Acquisitions Ltd (instructed by Reed Smith LLP) in successfully defeating the failed Icelandic Bank’s application to stay its declaratory proceedings before the Commercial Court.

Rosalind Phelps and David Murray appeared earlier this year in successful applications against Kaupthing (see http://www.fountaincourt.co.uk/news/detail/fountain-court-barristers-help-secure-win-against-failed-icelandic-bank).