Battle to allow accountants privilege reaches Supreme Court
The high-profile case between insurance company Prudential and HM Revenue & Customs (HMRC) over an attempt to allow accountants to benefit from legal professional privilege (LPP) has reached the Supreme Court this week.
November 06, 2012 at 05:09 AM
3 minute read
The high-profile case between insurance company Prudential and HM Revenue & Customs (HMRC) over an attempt to allow accountants to benefit from legal professional privilege (LPP) has reached the Supreme Court this week.
The move – the result of a tax dispute between Prudential and HMRC – comes after the Court of Appeal in 2010 rejected Prudential's claim that the advice of accountants in relation to tax law could be covered by LPP, which would protect it from being disclosed to third parties.
The case resumed in front of a seven-strong panel at the Supreme Court yesterday (5 November) and will run for three days.
Blackstone Chambers' Lord Pannick QC is acting for Prudential, instructed by PwC.
James Eadie QC, also from Blackstone, is counsel for HMRC alongside the body's in-house team.
The case has also attracted a lot of attention from the representative legal and accountancy bodies, with the Law Society, Bar Council and Institute of Chartered Accountants for England and Wales (ICAEW) all joining as interveners.
Herbert Smith Freehills is advising the Law Society led by dispute resolution partner Julian Copeman and head of tax planning and disputes Heather Gething, with Brick Court Chambers' Sir Sydney Kentridge QC.
The trial was opened yesterday with an acknowledgement of the fact that it was Kentridge's 90th birthday – a rare age to still be practising as a barrister.
Simmons & Simmons is acting for ICAEW with senior partner Colin Passmore fielding the team and Fountain Court's Patricia Robertson QC as counsel, while Field Fisher Waterhouse head of disputes Hartley Foster instructed Bankim Thanki QC from Fountain Court for the Bar Council.
The Legal Services Board and intellectual property body Association Internationale pour la Protection de la Propriete Intellectuelle have also submitted written opinions on the issue to the court.
Copeman said: "LPP is key to the justice system, particularly to enable clients to seek to obtain legal advice safe in the knowledge they are doing so in a privileged circumstance, and it is therefore very important that the boundaries are absolutely clear.
"The Court has given very clear backing to the importance of privilege in recent years, and this judgment will be fundamental in defining the boundaries of privilege."
Reported:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllClaus von Wobeser: Mexico's ‘Godfather of Arbitration’ Becomes Firm’s Honorary Chair
Slaughter and May Leads As Government Buys Back £6 Billion of Military Homes
2 minute readLatAm Moves: DLA Piper Chile, Brazil’s Demarest Build Out Disputes Muscle
Kingsley Napley and Lord Pannick Spearhead Private Schools' Challenge to Government VAT Policy
Trending Stories
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250