It is the second time Ives has failed to attend such a hearing, which has now been adjourned until March. Sources close to the case claim the adjournment will allow the JDS time to complete its investigation into Deloitte’s role in the debacle.
Although the JDS’s executive committee turned up at the International Disputes Resolution Centre in London late last month, Ives failed to show. The decision was taken to adjourn.
One of the JDS’s main objectives is to determine whether some of Capital’s accounting periods in the late-nineties should have been qualified, and whether Deloitte ensured the correct controls were in place.
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A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team