The Court of Appeal (Asplin LJ, Carr LJ and Sir Timothy Lloyd) handed down judgment today dismissing the appeal by the Taruta parties against the decision of Mr Justice Picken who had rejected their unjust enrichment claim against the Gaiduk parties. The Taruta parties had contended that they were entitled to repayment of a sum of over $80 million which had been paid to the Gaiduk parties under a written...
Members of One Essex Court are pleased to announce that the mentoring scheme for underrepresented groups at the Bar has expanded to include four more sets of chambers for 2021-2022. The purpose of the scheme is to support and encourage individuals from groups which are underrepresented at the Bar of England and Wales (and in particular the Commercial Bar) to pursue careers as barristers. Those...
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. ...
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