You’re sued! Lord Sugar turns on his own lawyers
The businessman files a lawsuit against solicitors Kingsley Napley over part of his property empire
Tuesday 27 May 2014
Lord Alan Sugar is suing his own lawyers for at least £1.3m over an allegedly botched property deal.
A claim filed at the High Court by Lord Sugar’s Amsprop company against solicitors Kingsley Napley centres on part of his property empire in London’s New Bond Street, which the businessman – worth an estimated £900m – planned to redevelop. Court papers claim that Lord Sugar was forced to pay out nearly £1m to Longmire, the exclusive London jewellers, in July last year after Kingsley Napley allegedly mishandled efforts to take possession of the whole building, 10/10A New Bond Street.
Longmire occupied 10 New Bond Street, with watchmaker Swatch in 10A. Lord Sugar’s Amsprop wanted to combine the two shop frontages and let the whole building to Swatch, and launched a claim to deny the cufflink jeweller a new lease in April 2012.
Lord Sugar’s company preferred original redevelopment plans which would have generated higher rent, but it claims Kingsley advised it to go ahead with a less-lucrative scheme to maximise Amsprop’s chances at trial.
Amsprop claims the solicitors failed to disclose documents on the original plans and also failed to delay its court clash with Longmire, despite Lord Sugar’s firm settling with another tenant and removing an obstacle to the original redevelopment.
A judge found Longmire was entitled to a new lease and Amsprop – after agreeing a deal with Swatch to take the whole building – was forced to settle with the jeweller and pay £970,500 to Longmire to give up its rights, the court papers say. “As a consequence of the defendent’s negligence and breaches of duty, Amsprop has suffered loss and damage,” the claim adds.
Amsprop wants £970,500 in costs over the Longmire settlement, as well as a total of £326,379 in legal settlement costs and legal fees for both sides, and interest and other costs.
Lord Sugar – who sold a Mayfair office block last year for a £50m profit – is no stranger to legal action after winning an employment tribunal case brought by the former Apprentice winner Stella English last year.
The entrepreneur made his first fortune founding Amstrad, now owned by BSkyB, in 1968.
Lord Sugar declined to comment but Kingsley Napley said: “We are disappointed this case is being progressed. We deny the claim and will vigorously contest it.”
- 1 Tourist films plane's descent just metres above packed Caribbean beach
- 2 Kate Moss: Previously unpublished nude photo revealed by Mert and Marcus
- 3 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 4 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 5 Bad Jews poster 'censored' on London Tube
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
Becky Watts: Four appear in court charged with hiding body parts after teenager's death
Isis 'bulldozes' Nimrud: UNESCO condemns destruction of ancient Assyrian site as a 'war crime'
Professor Brian Cox brands astrology-believing Tory MP David Tredinnick an 'outlier on the spectrum of reason'
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
iJobs Money & Business
£13000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£12 - £15 Hourly Rate: Jemma Gent: In this role you will report to the Head of...
£8 per hour: Recruitment Genius: This Pension Specialist was established early...