Ben Hubble QC and Matthieu Grégoire acted for the successful claimant in a claim against various Ernst & Young entities arising out of an assurance audit of a Dubai-based precious metal dealer, Kaloti, in 2013.
Ben Hubble QC and Matthieu Grégoire, instructed by Daniel Leader and Paul Dowling of Leigh Day, acted for Amjad Rihan in his claim against various Ernst & Young entities for damages arising out of breaches of duty owed by those entities to Mr Rihan to take reasonable steps to prevent him from suffering financial loss by reason of the defendants’ failure to conduct an assurance audit of Kaloti in an ethical and professional manner.
Mr Rihan had raised concerns in 2013 that the Kaloti audit was being conducted and concluded in a manner which he considered unethical and unacceptable, and that he would feel bound to dissociate himself from the audit and the EY organisation’s role in it if his protests went unheeded. Mr Justice Kerr found that the defendants sought to involve Mr Rihan in unethical and improper conduct, including by exerting improper pressure on him. Mr Justice Kerr’s factual findings led to a number of findings of breach against the defendants, and an award in Mr Rihan’s favour of USD10,843,941 and £117,950 in damages for past and future loss of earnings and loss of employment benefits.
Click here to read the judgment: Rihan v EY Global Ltd and others