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SIR MICHAEL BURTON GBE (sitting as a Judge of the High Court) ____________________
Huw Davies QC and Felix Wardle (instructed by Skadden, Arps, Slate, Meagher & Flom (UK) LLP) for the Claimant Andrew Butler QC and Andrew Legg (instructed by Hugh Cartwright & Amin) for the Defendant Hearing dates: 14, 15, 16, 17, 20, 21, 23 May ____________________
(1) Whether duties are owed by Nectrus as Investment Manager to UCP under and by reference to the IMA.
(2) If such duties be owed to UCP (and not just to Candor), what is the nature of such duties, and in particular does it extend to the duty to report on and advise in respect of the investment of the surplus borrowings which became the Stranded Deposits?
Both these questions fall to be decided by reference to the construction of the IMA, although as appropriate in the context of the factual matrix.
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