Season's Greetings and a Happy New Year from all at Maitland During the festive period, our opening hours will be as follows:...
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We are delighted to announce that from 16 December 2024 our senior clerking team will take on a new shape with enhanced roles....
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The Supreme Court upheld the Court of Appeal’s decision that a specifically enforceable oral agreement to transfer a beneficial interest in shares in a private company to the legal owner of those shares was effective to pass the relevant interest, without the need for any writing. ...
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On 6 December 2024, the Commercial Court (Dame Clare Moulder DBE) handed down judgment in Dynamo Recoveries Limited & Emerdata Limited v Alexander Nix [2024] EWHC 3116 (Comm), after a two-week trial in October 2024....
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On 20 November 2024 the BVI High Court handed down judgment in Ming and others v JF Ming Inc, valuing the minority shareholders’ interest following the Privy Council’s reinstatement of Leon J’s buy out order. It is the first BVI authority on the issue of whether a discount should be applied for the shares being a minority holding. Christopher Parker KC successfully argued that a minority discount should not be applied in all the circumstances of the case. Mangatal J also agreed that the valuation evidence of the minority shareholders should be preferred as the buyer’s valuer had not followed International Valuation Standards. The value of the minority’s 3/17ths interest was therefore set at HKD342,948,353.29 with interest at 1% over HK best lending rate from the 31 March 2017, the valuation date. ...
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On 26 November 2024, Mr Andrew Twigger KC (sitting as a Deputy High Court Judge) handed down judgment in Re KRF Services (UK) Ltd [2024] EWHC 2978 in which he made an administration order under para. 12 of Schedule B1 to the Insolvency Act 1986 against a company deemed to be subject to sanctions under The Russia (Sanctions) (EU Exit) Regulations 2019 (‘Sanctions Regulations’). ...
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Congratulations to Rebecca Page, who won Company/Insolvency Junior of the Year at the Chambers UK Bar Awards held at Old Billingsgate on Thursday 14 November 2024....
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Thomas Munby KC and James Kinman appeared for the successful party in Malik v Malik [2024] EWCA Civ 1323, in which the Court of Appeal handed down judgment on 4 November 2023. They successfully argued that the test for whether a party will – by adopting one position in litigation – be barred from adopting a contrary position at a later stage is broad and merits based, unfettered by strict rules. In particular, it is not necessary to identify a clear, unequivocal statement of position by the party in question, and it is wrong to import such a requirement from the law of promissory estoppel....
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A successful outcome for the First Defendant in Kireeva v Zolotova, in which a Russian bankruptcy trustee had attempted to claim ownership of a valuable property in Italy via a share in an English company. ...
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