News

June 12 2017

OJSC Rosneft Oil Co v HM Treasury & Others The CJEU has recently heard a major challenge by Rosneft, the Russian oil and gas giant, to the legality of the EU’s sanctions against Russia. Before the Divisional Court ([2015] EWHC 248 (Admin)), Rosneft sought to argue that a number of EU regulations imposing increasingly stringent sanctions were unlawful. Rosneft also sought to challenge the interpretation...

May 24 2017

One Essex Court congratulates Daniel Toledano QC on his appointment as a Deputy High Court Judge. The appointment is for a single fixed four-year term and Daniel is appointed along with 20 other new deputy judges following an open competition run by the Judicial Appointments Commission. Further information can be viewed at https://www.judiciary.gov.uk/announcements/section-94-deputy-high-court-judges/...

Commercial Court grants summary judgment on a claim to enforce a NY judgment

Commercial Court grants summary judgment on a claim to enforce a NY judgment

May 23 2017

Midtown Acquisitions LP v Essar Global Fund Ltd [2017] EWHC 519 (Comm) In a judgment handed down on 17 March 2017, the Commercial Court rejected a jurisdiction challenge to a claim to enforce a New York judgment at common law, and granted the Claimant summary judgment on its claim. The New York judgment was entered on the basis of an affidavit of confession under New York law in connection with a debt...

Supreme Court hands down judgment in Lehman Waterfall I proceedings

Supreme Court hands down judgment in Lehman Waterfall I proceedings

May 17 2017

On 17 May 2017, the Supreme Court handed down its judgment in the Lehman “Waterfall I” proceedings, following a 4-day appeal heard in October 2016. These proceedings raise a series of novel and important issues of insolvency law against the background of the administrations of entities within the Lehman group of companies. Lehman Brothers International (Europe) ('LBIE') entered administration...