Recent Commercial Court decision highlights the importance of strict compliance with claim notification provisions in share and business sale and purchase agreements

August 03 2020

In a recently delivered decision, Dodika Limited & Others v. United Luck Group Holdings Limited [2020] EWHC 2101 (Comm), Mr Peter MacDonald Eggers Q.C. (sitting as a Deputy Judge of the Commercial Court) has ruled that a notice of claim under a tax covenant contained in a share sale and purchase agreement (SPA) failed to comply with the requirements of the claim notification provisions in the SPA....

One Essex Court is one of six Barristers’ Chambers working together to create a mentoring scheme for underrepresented groups at the Bar

July 28 2020

One Essex Court is delighted to announce that it is working with five other sets of Chambers to create a mentoring scheme, which aims 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 underrepresented groups include women; people from minority ethnic backgrounds;...

Supreme Court unanimously decides 7-0 that the reflective loss rule does not bar claims made by unsecured creditors

July 15 2020

Sevilleja v Marex Financial Limited [2020] UKSC 31 In a landmark decision handed down on 15 July 2020, the Supreme Court significantly narrowed the scope of the so-called rule against the recovery of reflective loss.  The rule, which has existed since the 1981 decision in Prudential Assurance v Newman Industries (No 2) [1982] 1 Ch 204, prevents claims by shareholders of a company for loss suffered...

David Wolfson QC, Sebastian Isaac and Henry Hoskins successfully defended Mr Oleg Mkrtchan and related parties

July 14 2020

Avonwick Holdings Ltd v Azitio Holdings Ltd and others David Wolfson QC, Sebastian Isaac and Henry Hoskins successfully defended Mr Oleg Mkrtchan and related parties (the Mkrtchan Parties) against various claims for over US$2 billion, following an eight-week trial in the Commercial Court before Mr Justice Picken. In substance, this was a dispute between Mr Mkrtchan and his two former business-partners,...