Cases & Deals

Diamond broker resists claim for share of commission

Client(s) Diamond broker

Jones Day advised the world's largest diamond broker in its successful resolution of a claim by a fellow broker for commission said to be owed in respect of clients who defected from one broker to the other. The dispute (which was settled days before trial was due to commence) considered the validity and construction of an alleged agreement said to have been struck orally over 20 years ago, and the impact of competition legislation on any such agreement.