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High Court determines that claims by liquidators are time-barred
March 31 2022
Marcus Smith J today handed down judgment in Bilta (UK) Ltd v Tradition Financial Services Ltd (“TFS”) [2022] EWHC 723 (Ch). The claim was brought by the liquidators of companies that were used as vehicles for VAT fraud in the carbon credit market during 2009...
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Lebanese banks ordered to make international transfers
March 25 2022
Mr Justice Picken today handed down judgment in the case of Manoukian v (1) Societe Generale de Banque du Liban and (2) Bank Audi - one of The Lawyer’s 'Top 20 Cases of 2022'. This case was concerned with the financial crisis that has impacted Lebanon...
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Astor succeeds at trial
March 21 2022
On 21 March 2022, Mr Justice Calver handed down judgment in Astor & Ors v Atalaya & Ors [2022] EWHC 628 (Comm) in the long-running dispute between Astor and Atalaya, and entered judgment for Astor. In September 2008, Astor sold to Atalaya its...
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Silks Day 2022
March 21 2022
Congratulations to Alexander Polley QC, Sebastian Isaac QC and James MacDonald QC following today's Silk ceremony at Westminster Hall...
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Article on the role of the judiciary in choice of governing law
March 15 2022
Dame Elizabeth Gloster has co-authored an article for Commercial Dispute Resolution (CDR) on the role of the judiciary in the choice of governing law and the value that English Law’s core principles bring to the UK economy and justice around the world...
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Battery Storage Venture: Circuit Commercial Court rejects claim for damages and/or restitution
March 10 2022
On 18 February 2022, HHJ Mark Cawson QC, sitting as a Judge of the High Court, handed down judgment in the case of Thurcroft Power Limited v Volta Energy Group Limited [2022] EWHC 338 (Comm). The dispute related to a proposed battery storage facility...
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Upper Tribunal rules on the taxation of oil royalties and article 6 of the UK / Canada Double Tax Treaty
March 09 2022
HMRC has successfully resisted the taxpayer’s appeal to the Upper Tribunal in Royal Bank of Canada v HMRC [2022] UKUT 45 (TCC). The case concerns the construction of article 6 of the UK / Canada double tax treaty (immovable property) and the scope of...
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Post Prudential Closure Notice Applications and Appeals Group Litigation: FTT Decision
March 01 2022
The First-tier Tribunal has upheld claims by the taxpayers in the test cases in the Post Prudential Closure Notice Applications and Appeals Group Litigation [2021] UKFTT 459 (TC). The eight test cases (which involved seven investment funds...
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