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Citibank succeeds in obtaining summary dismissal of €10bn claim
June 29 2022
In a judgment handed down yesterday, Mr Justice Henshaw upheld the application of Citibank (“Citi”) to grant summary judgment dismissing a €10bn claim. The Claimant company purported to be a foundation managing high value funding projects...
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Commercial Court awards costs against commercial funder on joint and several basis
June 29 2022
On 24 June 2022, Mrs Justice Moulder handed down judgment in a third-party costs application made by HSBC Bank Plc and other related entities against Therium Litigation Finance Atlas AFP 1C (Therium), a commercial litigation funder, following HSBC Bank’s...
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Deutsche Bank succeeds in major committal application
June 24 2022
Deutsche Bank (DB) has succeeded in a three-week committal application in the long-running DB v Sebastian Holdings, Inc (SHI) and Vik litigation. To give this latest application context, following a 14-week Commercial Court trial in 2013, Mr Justice Cooke...
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Fraud, misrepresentation and mistake in Indian contract law
June 08 2022
KV Krishnaprasad’s article on ‘Fraud, misrepresentation and mistake in Indian contract law’ has been published in Studies in the Contract Laws of Asia (OUP, 2022). The publication brings together commentators and practitioners from China, Hong Kong, India, Indonesia...
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Jurisdiction challenges rejected in $3 billion fraud claim
June 07 2022
On 26 May 2022, Trower J handed down judgment on Bourlakova v Bourlakov & others [2022] EWHC 1269 (Ch) rejecting jurisdiction challenges brought by six of the Defendants. The case is notable for, among other things, its clarification of the scope of article 34...
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RAKIA v Azima: High Court gives important judgment on security for costs
May 30 2022
On 27 May 2022, Mr Justice Michael Green handed down judgment in relation to a series of applications for security for costs in RAKIA v Azima. The underlying proceedings have a long and complex history. In May 2020, Andrew Lenon QC (sitting as a Deputy Judge...
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