COVID-19 - Update from One Essex Court

March 27 2020

According to the World Health Organisation (WHO), the coronavirus pandemic (COVID-19) is a global health and societal emergency that requires effective immediate action by governments, individuals and businesses.  All businesses have a key role to play in minimising the likelihood of transmission and impact on society.  Early, bold and effective action will reduce short-term risks to employees...

Silks Day 2020

March 16 2020

Congratulations to Jamie Goldsmith QC and Conall Patton QC following today's Silk ceremony at the Palace of Westminster.

Bilta (UK) Limited (In Liquidation) v (1) NatWest Markets PLC and (2) Mercuria Energy Europe Trading Limited [2020] EWHC 546 (Ch)

March 10 2020

Mr Justice Snowden has handed down a lengthy judgment allowing a claim for dishonest assistance and for knowing participation in fraudulent trading (s 213 Insolvency Act 1986) in relation to a large-scale missing trader VAT fraud in the carbon credit market. The claim was brought by various companies in liquidation and their liquidators against NatWest Markets plc, known at the material time as The...

Court of Appeal upholds £675m claims for foreign exchange losses

March 03 2020

Smith & Nephew Overseas Ltd (and others) v HMRC [2020] EWCA Civ 299 Members of the Smith & Nephew PLC group, a leading FTSE 100 medical technology multinational (the “taxpayers”), have succeeded before the Court of Appeal in claims to deduct c£675 million of foreign exchange losses for tax purposes.  The exchange losses arose as a result of the taxpayers changing functional...