In very simple terms, the first claimant, Credit Suisse Virtuoso, through a sub-fund, Credit Suisse (Lux) Supply Chain Finance Fund, invested in notes which were originated and administered in England by Greensill Capital (UK) Limited and issued by Hoffman Sàrl
More about Credit Suisse Virtuoso Sicav-Sif & Anor v Softbank Group Corp & OrsThe fees related to the realisation of a secured asset, and in each case payment had been made in accordance with terms agreed with the security trustee, a Mr Colin, who had appointed the administrator. The fees were calculated as
More about Pagden v RidgleyThe solicitors accepted that the firm was vicariously liable for Mr Broughton’s actions. It also accepted that, if Mr Broughton had a dishonest state of mind, the steps taken in providing the legal services it had provided amounted to dishonestly
More about Grosvenor Property Developers Ltd v Portner Law LtdThe Building Safety Act 2022 (BSA) was the Government’s decisive response to the Grenfell fire tragedy, based on Dame Judith Hackett’s review of building safety. Aimed at improving the safety of people in and around buildings and improving building standards,
More about Do due diligence and your own surveys before appointmentThe liquidation at the root of the dispute was that of CL Financial Ltd, a substantial company incorporated in Trinidad and Tobago, which was in compulsory liquidation, having been wound up by the High Court in September 2017 on a
More about Attorney General of Trinidad and Tobago v CL Financial LtdThe liquidator applied to strike out the parts of the respondents’ points of defence denying that the company had traded from the premises as claimed on the ground that doing so amounted to a collateral attack on a judgment of
More about Nicholson v MasoodKMG SICAV-SIF-GB Strategic Land Fund (referred to in the judgment as “the sub-fund”), was a so-called “dedicated fund” of a specialised investment company called KMG SICAV-SIF-SA, which had been incorporated as a Luxembourg public limited company in 2008. That company
More about Yorkshire Council v KMGAmong the changes effected by the Economic Crime and Corporate Transparency Act 2023 was, with effect from 4 March 2024, the introduction of an obligation of a limited company to use an “appropriate address” for its registered office (s 86(1)
More about DG Resources Ltd v Revenue and CustomsThe issue before the Supreme Court in Stevens v Hotel Portfolio II UK Ltd & Anor [2025] UKSC 28 was whether a person who dishonestly assisted a constructive trustee in dissipating the trust fund was liable to compensate the beneficiary for the consequential
More about Stevens v Hotel Portfolio II UK Ltd
Over time that equal treatment principle has been modified for policy reasons born of economic considerations: the introduction of statutory priorities, the recognition of priorities within priorities, and, to take an obvious example, the preservation of certain security rights. The
More about Third party release – An essential element of insolvency rescue?