Senior Counsel at 6 St James’ Hall Dr Christopher Ward SC last week secured for his client Dr Benoy Berry a verdict of $64,800,000 in a long-running commercial fraud case brought against former Reserve Bank company Securency (now known as CCL Secure). Dr Ward appeared with experienced junior counsel Mr Phillip Santucci and was instructed by leading boutique firm Marque Lawyers. The verdict follows the earlier judgment on the merits in December 2017 and demonstrates the risks to corporate entities when engaging in fraudulent conduct to achieve commercial goals. The merits judgment is found here. The case is discussed here.
Dr Christopher Ward SC with junior Philip Santucci has successfully represented European businessman Dr Benoy Berry in landmark fraud and Trade Practices litigation against former Reserve Bank of Australia subsidiary Securency (now known as CCL Secure Pty Ltd).
The Federal Court (Rares J) found that Securency and some of its officers had engaged in a “practiced deception” amounting to a “shabby fraud” as a result of which Dr Berry and his company were deceived into the early termination of an extremely valuable commercial contract involving the sale of polymer banknotes in Nigeria. The judgment, which also describes the conduct of Securency in relation to Nigerian governmental officials, reinforces the serious consequences for Australian companies that engage in deceptive business practices overseas.