Published by Global Banking and Finance Review
Posted on January 20, 2025
1 min readLast updated: January 27, 2026
Clifford Chance's lawsuit against Societe Generale over a $483M gold deal will continue in London, as ruled by the Court of Appeal.
LONDON (Reuters) - Clifford Chance's lawsuit against Societe Generale over the law firm's representation of the French lender in a dispute over a $483 million gold deal can continue in London, the Court of Appeal ruled on Monday.
Clifford Chance acted for Societe Generale between 2008 and 2017 after it sued Turkish jewellers Goldas Kuyumculuk Sanayi Ithalat Ihracat in London in relation to 15.725 metric tons of gold bullion.
Societe Generale's case against Goldas was ultimately dismissed, prompting the bank to accuse Clifford Chance of negligence.
Clifford Chance applied to London's High Court for a declaration that it was not liable to Societe Generale.
Societe Generale argued that any dispute should be heard in France but that application was rejected in October 2023 by the High Court. The French lender's appeal against that ruling was dismissed by the Court of Appeal on Monday.
(Reporting by Sam Tobin; editing by William James)
Clifford Chance's lawsuit against Societe Generale is based on the law firm's representation of the bank in a dispute over a $483 million gold deal.
Societe Generale's case against Goldas Kuyumculuk was ultimately dismissed, leading the bank to accuse Clifford Chance of negligence.
The lawsuit was filed in London, and the High Court ruled that the case could continue there despite Societe Generale's argument for it to be heard in France.
Clifford Chance applied to London's High Court for a declaration that it was not liable to Societe Generale.
Societe Generale's appeal against the High Court's ruling, which rejected their application to move the case to France, was dismissed in October 2023.
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