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...

Summary By a majority the Court of Appeal held that foreign currency creditors who had suffered a currency loss as a result of the conversion of their debts into sterling at the start of the administration of an unlimited company were entitled to claim against the company, though their claims...

Summary The objects clause of a trust set up for charitable purposes did not, by empowering the trust to do acts "conducive to" those purposes, mean that the trust could lawfully engage in purposes that were not wholly charitable. Facts A trust appealed against a judge's decision permitting the respondent...

Summary An illegality defence could not bar a claim brought by the liquidators of a company which had been the vehicle for a VAT fraud, against its former directors and overseas suppliers who were alleged to have been involved in the fraud. The conduct of the directors could not be...

Summary On the evidence, a share transfer to recompense the recipient for introducing investment into a property development project had been agreed at a discounted price, not for free. Facts The claimant claimed for payment of the price of shares transferred to the first defendant company, under an agreement with...