Former Arsenal shareholder Lady Bracewell-Smith sues Linklaters

A former shareholder at Arsenal Football Club, Lady Bracewell-Smith has issued a claim in the Commercial Court for professional negligence against her former solicitors Linklaters. She alleges that her solicitors gave negligent advice on loan notes she received as payment for her shares causing her to face a substantial tax bill. She claims that the firm failed to advise her properly on the tax she would incur as a UK citizen selling bonds situated outside of the UK.

The claim also states that but for the mistakes of Linklaters she would not have sold her Arsenal shares to Kroenke Sports Enterprises, the company controlled by US businessman Stan Kroenke who is now the club’s majority shareholder but rather would have sold them to Alisher Usmanov in 2011 or another shareholder, resulting in different leadership of the club.

The claim has evidently not been resolved through mediation or other forms of dispute resolution.

Suffering a financial or contractual dispute can have serious implications on your business. Our business solicitors will quickly and efficiently put your case together and act on your behalf. Call Shalish Mehta in our civil and commercial litigation department on 0161 624 6811 or email sm@wrigleyclaydon.com. We can advise you on the appropriate course of action and assist with any legal documents or proceedings that may occur.

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Shalish Mehta

Shalish acts on behalf of both private individuals and commercial clients, bringing or defending claims in the High Court or the County Court. Shalish is fluent in Gujarati and will happily represent those for whom Gujariti is the first language, in English. Shalish is also able to advise and assist with negotiations to resolve disputes, avoiding the need for court proceedings. Shalish joined the firm 10 years ago, very shortly after he qualified as a solicitor. Shalish is a keen sportsman, regularly playing cricket and five-a-side football. He is also a self-confessed foodie, taking great pleasure in sampling different cuisines from around the world. Currently, Shalish is pursuing his interest in languages, attending evening Spanish lessons at a local college.