HSBC faces £1.3bn legal claim for its involvement in film financing scheme set up to avoid tax

A Mail On Sunday / This is Money article, examines Edwin Coe’s group action, led Senior Partner, David Greene against HSBC.

HSBC faces a £1.3 billion legal claim for its involvement in a Disney film financing scheme set up to avoid tax.

Investors were told that Eclipse Partnerships would exploit the rights to films, including Pirates Of The Caribbean 2 and 3, National Treasure 2 and Enchanted.

But the law firm Edwin Coe, which is believed to have recently filed court papers, said investors face demands for as much as ten times their investment from Revenue & Customs.

Read the article here.

Further information on our Eclipse Partnerships group action may be read here.