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| Version 1 | Version 2 |
|---|---|
| Candy brothers defeat £132m damages claim | Candy brothers defeat £132m damages claim |
| (35 minutes later) | |
| Property developers Nick and Christian Candy have defeated a £132m damages action in the High Court. | Property developers Nick and Christian Candy have defeated a £132m damages action in the High Court. |
| Mark Holyoake, a former friend of Nick Candy, had sought the damages, arguing he suffered losses and received threats to himself and his family after borrowing £12m in a loan deal. | Mark Holyoake, a former friend of Nick Candy, had sought the damages, arguing he suffered losses and received threats to himself and his family after borrowing £12m in a loan deal. |
| But Mr Justice Nugee ruled none of Mr Holyoake's claims were proven. | But Mr Justice Nugee ruled none of Mr Holyoake's claims were proven. |
| He also said: "None of the protagonists emerge from the trial with great credit." | He also said: "None of the protagonists emerge from the trial with great credit." |
| "Each has been shown to have been willing to lie when they consider their commercial interests justify them doing so." | "Each has been shown to have been willing to lie when they consider their commercial interests justify them doing so." |
| The judge said Mr Holyoake had "repeatedly lied" and that "he and his associates resorted to forgery, deceit and impersonation". | The judge said Mr Holyoake had "repeatedly lied" and that "he and his associates resorted to forgery, deceit and impersonation". |
| He also said: "Christian Candy, with the encouragement of his brother, told a series of deliberate lies to Mr Holyoake." | He also said: "Christian Candy, with the encouragement of his brother, told a series of deliberate lies to Mr Holyoake." |
| Who are the Candy Brothers? | Who are the Candy Brothers? |
| In a statement released after the case, the Candys, who have always denied the allegations, said: "It has taken a great deal of time and effort to win this case, and it has caused unwarranted damage to our personal and business lives. | In a statement released after the case, the Candys, who have always denied the allegations, said: "It has taken a great deal of time and effort to win this case, and it has caused unwarranted damage to our personal and business lives. |
| "The claim should never have been brought." | "The claim should never have been brought." |
| The brothers are best known for creating the luxury One Hyde Park apartment complex in Knightsbridge, in central London. | The brothers are best known for creating the luxury One Hyde Park apartment complex in Knightsbridge, in central London. |
| 'Urgent appeal' | 'Urgent appeal' |
| The dispute arose after Christian Candy's company CPC lent Mr Holyoake £12m to help him buy and redevelop luxury apartments in Belgravia. | The dispute arose after Christian Candy's company CPC lent Mr Holyoake £12m to help him buy and redevelop luxury apartments in Belgravia. |
| The deal went sour and Mr Holyoake claimed he was intimidated. | |
| Mr Holyoake said he paid back more than £37m on the two year loan and incurred millions of pounds in legal fees and other costs. | Mr Holyoake said he paid back more than £37m on the two year loan and incurred millions of pounds in legal fees and other costs. |
| Mr Holyoake, whose company was also part of the action, said in a statement: "We, the claimants, are in a state of disbelief that Mr Justice Nugee has not ruled in our favour and intend to seek an appeal with immediate urgency. | Mr Holyoake, whose company was also part of the action, said in a statement: "We, the claimants, are in a state of disbelief that Mr Justice Nugee has not ruled in our favour and intend to seek an appeal with immediate urgency. |
| "Anyone reading today's judgement will see that there are currently no winners here. | "Anyone reading today's judgement will see that there are currently no winners here. |
| "I stand by our allegations and maintain that my own actions were deployed in self protection and wholly justified in the circumstances." | "I stand by our allegations and maintain that my own actions were deployed in self protection and wholly justified in the circumstances." |