Clarion Events, organiser of the Mortgage Business Expo, has issued legal proceedings against former employee James Prosser and his company Front Events, which is organising rival industry trade fair the Financial Services Expo.
An official release from Clarion states that it is seeking “an urgent order of the court in relation to duties owed by the former employee to Clarion Events”.
However the MBE organisers were unable to comment further pending the resolution of the proceedings but Clarion has confirmed that the legal action will have no effect on its upcoming event which is due to take place at London’s ExCel Centre on the 13 and 14 November.
Mortgage Strategy also contacted Front Events’ Prosser but he declined to comment.
The FSE is aimed at intermediaries and set to take place over the 1 and 2 October at the Old Billingsgate Market.
FSE, MBE and another event called the Finance Professional Show, run by the team behind the Commercial Finance Expo at the NEC, are also set to take place between October and November this year.
In Mortgage Strategy’s 4 September issue we spoke to both Prosser and MBE about their upcoming events.
In the article, the sales coordinator for MBE 2013 Mike Mikunda argued that MBE was ready to compete against the other two events.
He said: “Once in a while the incumbent probably needs a kick up the backside. You can get a bit comfortable if you are the only show in town.”
Prosser also said that there was “a real need for a show like FSE, with support in the market phenomenal”.