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Twelve o’clock high: court upholds “tail-gunner” clause and awards success fee to former financial adviser
  • Norton Rose Fulbright LLP
  • United Kingdom
  • June 4 2010

In Seymour Pierce Limited v Grandtop International Holdings Limited 2010 EWHC 676 (QB) Mr Justice Eady upheld a "tail-gunner" clause in a financial adviser's engagement letter and awarded a success fee to the financial adviser after its former client completed a takeover of Birmingham City Football Club (with a different adviser) and even though its original retainer had been terminated