Commercial Court discharges $3 billion freezing order in relation to Angolan sovereign wealth fund

August 16 2018

On 16 August 2018, Mr Justice Popplewell discharged a $3 billion proprietary and freezing injunction (“WFO”) against the Defendants, Mr José Dos Santos, Mr Jean-Claude Bastos de Morais (“Mr Bastos”), and the Quantum Global group of companies.  This is a very important judgment on the requirements for freezing orders, especially the duty of full and frank disclosure...

Third party debt order discharged for lack of jurisdiction over debt situated in India

July 27 2018

This judgment of Deputy Judge Peter MacDonald Eggers QC contains a detailed analysis of the law in relation to third party debt orders and in particular, the requirement that the debt in question be situated within the jurisdiction. Pursuant to a third party debt order, the third party is required to pay the debt it owes to the judgment debtor, to the judgment creditor instead. The third party’s...

Court of Appeal allows appeal by Deutsche Bank on challenge to jurisdiction under an ISDA Master Agreement

July 27 2018

Deutsche Bank AG v Comune di Savona On 27 July 2018 the Court of Appeal (Longmore, Gross, Floyd LJJ) handed down its judgment on Deutsche Bank’s appeal against the Judgment of HHJ Waksman QC (sitting as a Judge of the Commercial Court) in Deutsche Bank AG v Comune di Savona [2017] EWHC 1013 (Comm). The judgment is a highly significant decision providing clear guidance from the Court of Appeal...

Four New Tenants at One Essex Court

July 09 2018

One Essex Court is delighted to announce that all four of the current pupils will join Chambers as tenants on 1st October 2018. Daniel Fletcher, KV Krishnaprasad, Angus O'Brien and Alyssa Stansbury all exceeded the high standard of excellence demanded of pupils at One Essex Court.  Their success follows a rigorous period of training and evaluation, during which time they all demonstrated...