Estate agency Savills has been ordered to hand over emails relating to the ongoing bitter legal dispute between the Candy brothers and Mark Holyoake.
The High Court ruled that the agency must submit emails from three of its directors containing references to the case.
It follows a request for the disclosure of the emails by Holyoake, the Candy brothers’ former business associate.
Holyoake plans to take legal action against Savills to seek compensation for alleged misconduct, including breach of confidentiality.
Holyoake is claiming £132 million from the Candy brothers over a £12 million loan he took from Christian Candy’s company CPC in 2011.
The loan was to fund the purchase of the grade II-listed Grosvenor Gardens House in London for £42 million.
Holyoake alleges the brothers harassed and intimidated him about the repayment of the loan, the value of which spiralled to £37 million as a result of various penalties and renegotiated loan agreements.
The case alleges Nick Candy, who is married to actress Holly Valance, warned the debt could be sold to Russians who “would not think twice” about using violence.
Holyoake claimed the intimidation and harassment eventually forced him to sell the property at a loss. The Candys deny the claims.
Holyoake has also alleged that emails presented by Savills will show that Michael Sharpe-Neal, a Savills director, passed on to Christian Candy, 43, and Nicholas Candy, 44, a copy of a valuation on Holyoake’s luxury home in Ibiza, Casa Campanilla.
He said an email from Nick Candy showed that he had lunch with Sharpe-Neal and learned of Savills’ valuation of Holyoake’s property.
Candy’s email concluded: “I will get the valuation today and send it through.”
This, he claimed, gave the brothers information about his assets that helped them to exert financial pressure on him.
The idea was that Holyoake’s Ibiza property could act as security against the £12 million loan from Christian Candy – but only if the brothers knew how much that property was worth.
In his witness statement Holyoake said the “passing over of information” to the Candy brothers represented a security risk.
His statement added: “[At] the very least, I am concerned that the evidence … shows that Savills breached its legal obligations to me, and there is good evidence to suggest that they were also involved in the conspiratorial actions of the Candy Brothers.”
According to the Times, the High Court has requested that all emails from Sharpe-Neal and two other Savills directors, Ned Baring and Tim Whitmey, be presented if they contain certain words.
Holyoake is due to allege that Savills further breached his confidentiality as a result of Baring telling Nicholas Candy that a cheque Holyoake paid to the estate agent had bounced.
Savills and Holyoake declined to comment and the Candy brothers could not be reached for comment.
The verdict is due in a fortnight.
DealMakerz is intrigued to see which way the verdict will swing after what has seemed like a never-ending, and at times farcical, court room drama.
The legal order is likely to prove embarrassing for Savills, which prides itself on uploading high standards of discretion about the assets and financial affairs of its clients.
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