The long-running Holyoake v Candy trial has entered into its expert witness phase, with judge Nugee J hearing evidence from accountants and valuers.
The case has been running since early February. Entrepreneur Mark Holyoake is suing brothers Nick and Christian Candy for more than £100m, claiming they “coerced” him out of millions of pounds after Christian Candy’s company CPC lent him £12m to buy Belgravia mansion Grosvenor Gardens House in late 2011.
The Candy brothers strongly refute the allegations and say that Holyoake was an unreliable creditor who lied to them from the start. They say that Holyoake’s allegations of coercion are fabricated.
Today, Nugee J heard evidence from a valuation expert who explained how to calculate a development value of Grosvenor Gardens House.
Evidence from expert witnesses is expected to conclude tomorrow. The trial will then take a short break until the first week of April, when both sides’ barristers will present their closing arguments.
The case will end after the closing argument. Nugee is expected to give judgment in the early summer.
