Alex Garioch

In March 2024, after having heard weeks of evidence, the commercial judge (Lord Tyre) found in favour of Lime Rock Partners and the other defenders. Mr Kidd appealed that decision to the Inner House. The appeal was heard over four days in January. In its decision yesterday, the court again ruled in favour of Lime Rock Partners and the other defenders.
 
The case centred on an investment in ITS Tubular Services, a North Sea drilling company set up by Mr Kidd in 1989. A minority stake in the company was sold to Lime Rock in 2009.

Mr Kidd had made a number of allegations arising from that deal. The commercial judge found in favour of Lime Rock and the other defenders, ruling against Mr Kidd on every point. That decision has been upheld on appeal.
 
A team of litigation and dispute resolution specialists from Gilson Gray acted for Lime Rock, including Alex Garioch, Fraser Cameron, and Iain Grant.

Alex Garioch, partner at Gilson Gray, said: “In what has been an extremely complex, lengthy and high value litigation we are delighted that our client’s position has been entirely vindicated and that they have won on every line of defence advanced. Gilson Gray are proud to have successfully represented Lime Rock Partners and two former employees in this very challenging and hard fought litigation. The team’s experience, application and collaboration with counsel, Kenny McBrearty KC, Alasdair McKenzie KC and Elisabeth Roxburgh contributed to such a positive outcome for our client.”
 
Glen Gilson, chair and managing partner of Gilson Gray, added: “This landmark case represents one of a series of high profile and extraordinary litigations that our team has successfully handled in recent months.

“From the definition of a ‘woman’ in the Supreme Court, to the handling of complex judicial reviews and high value court actions, our dispute resolution division has helped establish Gilson Gray as one of the leading up and coming brands in UK law.”