Nihar Lovell

May 23, 2024 | lexology.com | Simon Clarke |Maura McIntosh |Nihar Lovell

The High Court has made a Bankers Trust disclosure order requiring a foreign trustee to provide information and documents in relation to assets held in a foreign trust and foreign bank accounts. The application was made following judgment on a fraud claim by a group of companies against an individual in relation to the unauthorised extraction of company funds: Tonstate Group Ltd & Ors v Wojakovski & Ors [2024] EWHC 975 (Ch).

Apr 18, 2024 | lexology.com | Simon Clarke |Ceri Morgan |Nihar Lovell

In a recent High Court decision, the court examined a claim against a bank for fraudulent misrepresentations made by its former corporate banking relationship manager, finding that the bank was vicariously liable on the basis that the employee had apparent authority to make the representations relied upon by the claimant: Vegesentials Ltd & Anor v Shanghai Commercial & Savings Bank Ltd [2024] EWHC 7 (Ch).

Jan 17, 2024 | mondaq.com | Andrew Lidbetter |Nusrat Zar |Jasveer Randhawa |Nihar Lovell

The High Court has refused environmental NGO ClientEarth's application for permission for judicial review of the decision taken by the Financial Conduct Authority (FCA) to approve the prospectus of an oil and gas operator Ithaca Energy plc (Ithaca): R (on the application of ClientEarth) v Financial Conduct Authority [2023] EWHC 3301 (Admin).

Jan 15, 2024 | lexology.com | Andrew Lidbetter |Nusrat Zar |Jasveer Randhawa |Nihar Lovell |Cat Dankos |Sarah Hawes | +1 more

The High Court has refused environmental NGO ClientEarth’s application for permission for judicial review of the decision taken by the Financial Conduct Authority (FCA) to approve the prospectus of an oil and gas operator Ithaca Energy plc (Ithaca): R (on the application of ClientEarth) v Financial Conduct Authority [2023] EWHC 3301 (Admin).

Feb 8, 2023 | lexology.com | Nick May |Ceri Morgan |Emily Barry |Nihar Lovell

The High Court has dismissed a claim made by a borrower that a lender’s appropriation of certain shares secured by a charge, upon default in a loan arrangement, was invalid and that the valuation of the appropriated shares was commercially unreasonable: ABT Auto Investments Ltd v Aapico Investment PTE Ltd & Ors [2022] EWHC 2839 (Comm).