Summary An application by claimants in arbitral proceedings for urgent interim relief in the form of disclosure of profits made by the defendants in a joint venture would be refused because the claimants had not been pursuing their claim for trading profits in the arbitration but by way of separate...

Summary A company in administration recovered sums paid to third parties by its driving force, who appeared to have been a con-man. Its administrators' applications for orders under the Insolvency Act 1986 s.238 in respect of those sums, made on the basis that the payments were transactions at an undervalue, failed...

Summary An order which permitted a liquidator to disclose the product of a private examination of a director under the Insolvency Act 1986 s.236 to the assignee of claims vesting in an insolvent company was varied to permit a second assignee to have disclosure. There was no evidence of any breach...

Summary In construing the terms of an agreement between the parties where the ordinary and natural meaning of the words used could not have been intended, the court held that the re-assignment to the appellant of a debt for which it had already received the full value from the respondent...

Summary The court adjourned applications intended to elucidate the authority of those acting on behalf of the claimant Libyan Investment Authority pending the outcome of an application to appoint a receiver and manager to manage the action on the claimant's behalf. Facts The claimant Libyan Investment Authority (LIA) applied for...

Summary The continuation of a Turkish airline's appeal against a judgment sum awarded in a UK travel company's favour was made conditional on the airline paying the judgment sum into court alongside security for the travel company's costs. The imposition of the condition was justified by the fact that the...

Summary The court exercised its discretion to set aside a judgment entered in default of defence, notwithstanding the lack of any good reason for failure to file a defence, on the basis that the defendant had a reasonable prospect of successfully defending the claim on new grounds of appeal which...

Summary An agreement to enter into a management agreement for a property development did not contain an implied term that it would only continue in existence for so long as a relationship of mutual trust and confidence subsisted between the parties. There was no authority supporting the implication of such...