Two brothers who own a property development empire have won a high-profile High Court battle.
Nick and Christian Candy had been embroiled in a bitter dispute with their one-time friend Mark Holyoake.
He had accused the siblings of extortion, blackmail, intimidation and breach of data protection law in what became an increasingly acrimonious set of proceedings.
Mr Justice Nugee recently cleared the Candy brothers of all claims, although the Judge suggested that “none of the protagonists” had emerged from the legal proceedings with great credit.
Mr Holyoake had sought in excess of £130million in damages after accusing the pair of forcing him to pay £37million in interest and penalties on a loan provided to bankroll the purchase and redevelopment of a mansion block in the capital.
The brothers had hit back, claiming that their accuser had put none of his own money into the development and had overstated his net worth.
In a statement, the Candys said: “It has taken a great deal of time and effort to win this case and it has caused unwarranted damage to our personal and business lives.
“The claim should never have been brought. We look forward to time more positively spent with our families and in our respective businesses.”
In a statement, Mr Holyoake said that he intended to appeal and insisted his own actions were “in self-protection and wholly justified in the circumstances.”
For advice on our dispute resolution services please contact our head of department Seamus Smyth (SeamusSmyth@cartercamerons.com).