Investment Banking

Staveley’s lawyers home in on ‘legally risky’ fees in £1.5bn court battle with Barclays

The £346m earned in fees by the Qatari investors was more than ten times the £30m PCP pocketed for bringing Abu Dhabi into the fold, according to written submissions to the court

Hefty fees earned by Qatari investors during Barclays’ 2008 emergency cash call during the financial crisis took centre stage at the High Court today.

Private equity firm PCP Capital Partners has put the concealment of the fees in focus, arguing that PCP itself got a raw deal during the fundraising even though it brokered the Abu Dhabi investment.

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