News

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 rub 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...

Marex Financial Limited v Carlos Sevilleja Garcia

Marex Financial Limited v Carlos Sevilleja Garcia

April 28 2017

In a judgment handed down on 25 April 2017, Mr Justice Knowles dismissed Mr Sevilleja’s challenge to the jurisdiction of the English Court. In 2013, Marex obtained judgment against Creative Finance Limited and Cosmorex Limited (together the “Companies”), the principal foreign exchange trading vehicles used by Mr Sevilleja [judgment here]. Marex alleges that between the draft judgment...