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

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 Royal Bank of Scotland plc, and its former indirect subsidiary, known at the time as RBS Sempra Energy Europe Limited.

Orlando Gledhill QC and Oliver Butler, instructed by Rosenblatt Limited, appeared for the Claimants; Kenneth MacLean QC and Steven Elliott QC, instructed by Slaughter and May, appeared for the Second Defendant. You can view the full Judgment here.