Deutsche Bank AG v Sebastian Holdings and Alexander Vik

Deutsche Bank AG v Sebastian Holdings and Alexander Vik

December 20 2016

In the latest development in the long-running litigation between Deutsche Bank and billionaire businessman Alexander Vik’s vehicle, Sebastian Holdings Inc, Mr Justice Teare has ruled that, notwithstanding that Mr Vik is resident out of the jurisdiction, Deutsche Bank can apply to commit Mr Vik for breaches of a court order requiring him to provide information and documents about Sebastian Holdings’...

Appeal allowed in Autonomy case

Appeal allowed in Autonomy case

December 16 2016

Mr Justice Morris has today allowed an appeal by Autonomy Inc and Autonomy Systems Limited. The appeal concerned a letter of request issued by a US District Court in California under the Hague Convention 1970 requesting an examination of Mr Sushovan Hussain, Autonomy’s former CFO, in aid of proceedings in the District Court between the Autonomy parties and MicroTechnologies LLC. The Autonomy parties’...

Taberna Europe CDO II Plc v. Selskabet (Formerly Roskilde Bank A/S) (In Bankruptcy)

Taberna Europe CDO II Plc v. Selskabet (Formerly Roskilde Bank A/S) (In Bankruptcy)

December 12 2016

In a judgment handed down on 8 December 2016, the Court of Appeal overturned the judgment of Mr Justice Eder at first instance awarding damages of over €26 million to the Claimant investment company (“Taberna”) for misrepresentation by the defendant, a now bankrupt Danish bank (“Roskilde”) and dismissed the claim. In doing so, the Court of Appeal ruled for the first time...