One Essex Court is delighted to announce that two of its members have been recently appointed to the ICC International Court of Arbitration. Dame Elizabeth Gloster and Marcos Dracos have been appointed as alternate members for the United Kingdom and Cyprus respectively. The term of their appointment is three years.
The First-tier Tribunal (Tax Chamber) has given a Decision dealing with the deductibility of capitalised “deferred revenue expenditure” in West Burton Property Limited v HMRC  UKFTT 160 (TC). The Appellant owned a power station which it let out. Over the years, it incurred costs in maintaining the power station. Those costs were revenue in nature for tax purposes. ...
The Court of Appeal has handed down judgment in Vale SA & Ors v Steinmetz & Ors  EWCA Civ 1087, dismissing the appeal brought by the Seventh and Eighth Defendants (“Balda” and “Nysco”). The appeal concerned two novel points of law, which Balda and Nysco submitted should be summarily determined in their favour. The issues arose in the following circumstances: A enters...
One Essex Court is delighted to announce that Andrew McLeod has joined Chambers. Andrew has a formidable reputation at both the Commercial and Chancery Bars, particularly in relation to banking, civil fraud, company and insolvency, and contentious trusts work. He also has a considerable profile in international arbitration and offshore disputes work in the BVI, which will both complement...
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