SocGen Loses Bid to Keep Gold Fight Out of London Court (1)

Societe Generale SA lost a chance to keep the latest salvo in a dispute with Clifford Chance over careless advice given during a $483 million gold deal from playing out in a London courtroom.

SocGen accused the global law firm of professional negligence when it represented the French lender in a case against Turkish jewelers Goldas Kuyumculuk Sanayi Ithalat Ihracat AS. Clifford Chance then brought a claim against the bank’s allegations to seek a declaration that it was not liable.

Read More: SocGen Blames Clifford Chance in $483 Million Gold Suit

The bank hired the firm in 2008 to ...