Carey Street Investments
Judgment Date: 19 Feb 23
In Transworld Payment Solutions UK Ltd (In Liquidation) v First Curacao International Bank NV [2022] EWHC 2742 (Ch), Mr Justice Freedman dismissed challenges by the Defendants to the jurisdiction of the court and/or seeking a stay of the proceedings on forum non-conveniens grounds. The Claimant (“TWPS”) was a company that provided...
Following his ruling that his failure to provide the minority with the Company’s financial statements as required by the Company’s articles constituted unfair prejudice, Leon J had ordered that the majority shareholder buy the shares of the minority. The Eastern Caribbean Court of Appeal upheld his finding of...
Summary A claim brought by insolvent companies against a bank and its subsidiary for dishonest assistance and knowing participation in fraudulent trading, via the actions of its traders, was established where the evidence showed that the traders, contrary to their evidence, had been aware at all times that VAT was...
Summary In proceedings concerning two petitions alleging unfairly prejudicial conduct, the court emphasised the importance of petitions being fully and properly pleaded. However, the rigour of the approach described in In the Matter of Tecnion Investments Limited [1985] 6 WLUK 68 was less important where the court directed points of claim and points...