One Essex Court is delighted to share the news that The Queen has approved the appointment of David Wolfson QC as Under Secretary of State at the Ministry of Justice. In addition to his ministerial role, Her Majesty has also been pleased to signify Her intention of conferring a peerage of the United Kingdom for Life on Mr Wolfson. The appointment is effective 22 December 2020.
The Commercial Court has given an important judgment on the law of contempt in Deutsche Bank’s long-running litigation with billionaire businessman Alexander Vik and his corporate vehicle, Sebastian Holdings Inc. Deutsche Bank is seeking to commit Mr Vik for breaches of a CPR 71.2 order that required him to attend for cross-examination and provide information and documents about Sebastian...
Dame Elizabeth Gloster’s report, as Independent Investigator, into the FCA’s regulation of London Capital and Finance was published on 17 December 2020. London Capital and Finance was a company which issued “mini-bonds”. The firm’s collapse in early 2019 impacted over 11,000 retail investors who had invested over £230m. The report, together with the relevant ministerial...
On 11 December 2020, judgment was handed down in Mastercard v Merricks in the Supreme Court, dismissing Mastercard’s appeal against the Court of Appeal judgment which allowed Walter Merricks’ appeal against the CAT’s judgment refusing to grant a Collective Proceedings Order (CPO). Mr Merricks, former Chief Ombudsman of the Financial Ombudsman Service, is seeking to represent a class...
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