In a judgment handed down on 13 December, the Court of Appeal (Sir Terence Etherton MR, Longmore LJ, and Sir Martin Moore-Bick) upheld the decision of Blair J, handed down in March 2016, in the first trial to be heard in the Financial List, and the first appeal from a Financial List judgment. The case arose out of ‘snowball’ swaps sold by Banco Santander Totta (‘BST’), a Portuguese...
Acted for Takeover Panel Executive in bringing regulatory proceedings resulting in only the 5th and 6th "cold-shoulder" orders made by the Takeover Panel. The Respondents were found to have breached Paragraph 9(a) of the introduction to the Takeover Code, by repeatedly misleading the Takeover Panel Executive in the course of their inquiries into a potential breach of Rule 9. The Respondents were "cold-shouldered"...
In the latest development in the long-running litigation between Vincent Tchenguiz and Grant Thornton concerning the SFO’s investigation into the collapse of Kaupthing Bank and the business affairs of Vincent and Robert Tchenguiz, Mr Justice Knowles has summarily dismissed all of Vincent Tchenguiz’s claims against Grant Thornton. Following an earlier judgment summarily dismissing claims...
In a judgment handed down on 8th December 2016, the Court of Appeal unanimously upheld the judgment of Blair J at first instance dismissing the appellant’s application for a declaration under CPR Part 11 and giving summary judgment for the respondent. The Court of Appeal considered a number of important questions of EU law, including the correct interpretation of Article 27 of the Judgments Regulation...
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