Euromoney Institutional Investor Plc v (1) Aviation News Ltd (2) Philip Tozer-Pennington
This case concerned a dispute between two publishing and events companies for the aviation sector focusing on the financing and leasing of aircraft. Our clients, Aviation News and Phillip Tozer- Pennington, were the defendants in this claim by Euromoney which alleged defamation in relation to an email and advertisement sent by Aviation News regarding a conference to be held by it in Dublin earlier this year.
Aviation News, a small family run company, refused to bow to the pressure exerted upon it by Euromoney, a FTSE 250 company and the only other aviation conference organiser operating in Dublin to date, and applied for the claim to be struck out. Euromoney subsequently applied to radically change its case, a move which was vigorously opposed by the defendants.
The High Court yesterday found that Euromoney had no real or substantial claim against Aviation News or Mr Tozer-Pennington. Euromoney was refused permission to amend its claim and the court struck out the action. Mr Justice Tugendhat, the presiding Judge over the action, stated “This is not a case where the recovery of damages could form the real issue between the parties. There is in this case no real or substantial tort.”
Euromoney has now agreed to pay Aviation News and Mr Tozer-Pennington’s legal costs in full. Anjlee Saigol of Taylor Hampton Solicitors said: “Our clients are delighted to have had this unmerited claim dismissed by the court. Aviation News and Mr Tozer-Pennington have been fully vindicated in their decision to fight this legal battle brought against them by one of the largest players in the aviation industry.”