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German lawyers cause damage in Germany

An English broker of derivative investments has brought a claim against a German law firm, claiming that the firm wrongfully induced the broker’s clients to breach their contracts by persuading them to bring claims against the brokers in Germany in breach of exclusive jurisdiction clauses in favour of the English court.

The broker claimed that the lawyers had induced 70 of their former clients to bring claims in Germany, in which they acted for the claimants, resulting in financial losses in excess of £2 million, including the costs of defending and settling those claims. More…