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Deutsche Bank succeeds in landmark appeal on subordinated debt priorities and effect of guarantees in Lehman administrations
October 21 2021
On 20 October 2021, the Court of Appeal (Lewison, Henderson and Asplin LJJ) handed down its judgment ([2021] EWCA Civ 1523) in a landmark case concerning how a surplus (estimated to be between £800 million and £1 billion)...
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LegalUK launches with new research revealing the significant economic value of English law
October 14 2021
New research for LegalUK by leading economics consultancy Oxera and funded by the legal industry has for the first time established how the value of English law goes far beyond benefits to the legal sector and underpins hundreds of trillions of dollars...
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Deutsche Bank v Busto di Arsizio [2021] EWHC 2706 (Comm)
October 13 2021
The Commercial Court (Financial List) has given a significant judgment in the first of the Italian swaps cases to consider the landmark Italian Supreme Court decision in Banca Nazionale Del Lavoro S.P.A v Municipality of Cattolica...
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Daniel Benedyk joins One Essex Court
October 08 2021
One Essex Court is delighted to announce that Daniel Benedyk has joined Chambers. Daniel has a formidable reputation at the Commercial Bar, particularly in relation to civil fraud and banking and financial services. He also has an established construction and energy...
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Privy Council recasts scope of power to grant interim injunctions
October 05 2021
The Privy Council has (by a 4:3 majority) rejected the need for a locally justiciable cause of action as a precondition on the power to grant interim injunctions. The decision in Convoy Collateral Ltd v Broad Idea International Ltd [2021] UKPC 24...
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Alleged oral agreement summarily rejected
October 04 2021
In Parsadoust v Hanging Gardens Limited [2021] EWHC 1594 (Comm), Mr Justice Calver granted summary judgment on a claim to enforce a written call option over certain shares in Babylon Health, the digital healthcare provider. He summarily rejected a defence...
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One Essex Court welcomes new intake of pupils
October 01 2021
One Essex Court is delighted to welcome four new pupils to Chambers as of 1 October 2021. Further information in relation to Harry Stratton, Caitlin Cohen, Matthew Barry and Joe Johnson can be found...
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Simon Colton QC appointed Deputy High Court Judge
September 30 2021
One Essex Court congratulates Simon Colton QC on his appointment as a Deputy High Court Judge. The appointment is for a single fixed six-year term and Simon is appointed along with 39 other new deputy judges following an open competition...
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Maranello Rosso Limited v Lohomij BV and others
September 22 2021
On 6 September 2021, the High Court struck out a £70 million conspiracy claim relating to the purchase and sale of a world-renowned collection of classic Ferraris. The claimant (“MRL”) acquired the collection in 2014, using financing provided by the First Defendant...
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Patrick Harty joins One Essex Court
September 13 2021
One Essex Court is delighted to announce that Patrick Harty has joined Chambers. Patrick has a formidable reputation at both the Commercial and Chancery Bars, particularly in relation to company law and contentious insolvency work, civil fraud and shareholder...
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Test Claimants in the Franked Investment Income GLO v HMRC
August 13 2021
The Supreme Court has given judgment in Test Claimants in the Franked Investment Income Group Litigation v HMRC [2021] UKSC 31. This is the third judgment given by the Supreme Court in this complex, long-running litigation. The Supreme Court held...
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London Luton BPRA Fund LLP v HMRC
August 05 2021
The Upper Tribunal has ruled on the availability of business premises renovation allowances (“BPRA”) in London Luton BPRA Property Fund LLP v HMRC [2021] UKUT 147 (TCC). The taxpayer had claimed
c.£12.5m of BPRA on expenditure incurred under an...
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Supreme Court Decision on Tinkler v HMRC
August 02 2021
The Supreme Court (Lord Hodge, Lord Briggs, Lady Arden, Lord Burrows, Lady Rose) handed down judgment on Friday 30th July 2021, allowing HMRC’s appeal in relation to whether the Respondent is estopped by convention from denying that HMRC...
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