The High Court has handed down judgment in Amanda Louise Staveley v Victor Restis following a 3-day hearing.

The dispute concerned Ms Staveley’s application to set aside a statutory demand in the sum of c. £36 million which had been served on her by Mr Victor Restis. In the course of the final hearing, Mr Restis conceded that the statutory demand fell to be reduced to c. £3.4 million. On 25 March 2024 Deputy ICC Judge Schaffer handed down judgment holding (a) that Ms Staveley has no substantial grounds for disputing personal liability for that amount; and (b) that the dispute did not need to be referred to the London Court of International Arbitration (LCIA). The case was widely reported including in the Financial Times, The Guardian and The Times.

Ted Loveday was instructed by Forsters LLP on behalf of Ms Staveley, who has indicated she is considering an appeal.

All press inquiries should be directed to Forsters LLP.