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Perspective - Blog

When is opinion evidence admissible?

Published on 31 Oct 2019. By Parham Kouchikali, Partner and Gill O'Regan, Senior Associate

To be prima facie admissible in court, opinion evidence must be relevant and prepared by someone who would be qualified to give expert evidence. Only evidence which falls within CPR 35 will be subject to the attendant restrictions on admissibility contained in that rule (Gregory v Moore).

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Perspective - Blog

World freezing orders: recent dissipations and reasonable delays

Published on 24 Oct 2019. By Simon Hart, Partner, Head of Banking & Financial Markets Disputes

Delay is not fatal to the continuation of a world freezing order and an applicant need not adduce evidence of recent dissipations (1) PJSC National Bank Trust v Boris Mints [2019] EWHC 2061 (2) Holyoake v Candy [2017] EWCA Civ 92

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Perspective - Blog

Tortious claims against third party may trigger anti-suit injunction

Published on 10 Oct 2019. By Chris Ross, Partner and Kirtan Prasad, Of Counsel

A party's attempt to circumvent a jurisdiction clause by bringing tortious claims against a third party has been thwarted by the High Court. In granting an anti-suit injunction, the court explored the substance of the claims and found them to be "vexatious and oppressive", designed simply to evade the exclusive jurisdiction clause.

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Perspective - Blog

Subjective expectation versus objective intention; when will a term be implied into a contract?

Published on 30 Sep 2019. By Alan Williams, Partner and Harriet Evans, Associate

The High Court has implied a term into a contract for the sale of Peruvian Government Global Depository Notes (GDNs) by Lehman Brothers International (Europe), in order to make the contract workable.

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Perspective - Blog

Court orders mediation

Published on 19 Sep 2019. By Geraldine Elliott, Partner

The High Court has upheld a tiered dispute resolution clause in accordance with established principles of contractual interpretation. The court ordered a stay of proceedings for mediation, and in support of the mediation also ordered pleadings to be served in advance in order to optimise the prospects of a settlement.

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Perspective - Publication

Arbitration or winding up?

Published on 17 Sep 2019. By Charles Allen, Partner & Head of Hong Kong office

In But Ka Chon v Interactive Brokers LLC [2019] HKCA 873, the Hong Kong Court of Appeal upheld a lower court's decision to reject an application to set aside a statutory demand. The appellant had argued (among other things) that an arbitration clause in his agreement with the respondent required their dispute to be referred to arbitration.

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Perspective - Blog

High Court waits for no lawyer

Published on 11 Sep 2019. By Davina Given, Partner and Karina Plain, Associate (Australian qualified)

An appeal was recently lost after an application for an oral hearing was made just two days late. Evans v Pinsent Mason LLP [2019] EWHC 2150 (QB) This decision is a timely reminder of the strictness of court deadlines and of the importance of being upfront with the court (and your opponent) which, on this occasion, was unwilling to forgive ambiguity as to whether the deadline had been met.

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Perspective - Blog

Notice givers take care – ignore the contract at your peril

Published on 29 Aug 2019. By Geraldine Elliott, Partner and Tim Potts, Senior Associate

The Court of Appeal has confirmed in Stobart Group Ltd & Anor v William Stobart & Anor [1] that an objective test will be applied when assessing whether a unilateral contractual notice has been validly given. This decision also provides a cautionary reminder of the consequences of a party's failure to comply strictly with contractual notice provisions. [1] [2019] EWCA Civ 1376

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Perspective - Blog

Clarity, clarity, clarity; more contract drafting lessons from the court

Published on 15 Aug 2019. By Davina Given, Partner

Keep under review options for terminating contracts which are no longer needed or pay the price. We discuss an interesting approach from the High Court to the well-known principles of contractual interpretation in Macquarie Capital v Nordsee. [2019] EWHC 1655 (Comm)

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Perspective - Blog

An innocent party is entitled to damages, even though performance of the contract is impossible

Published on 01 Aug 2019. By Geraldine Elliott, Partner

The Court of Appeal considered the proper interpretation of exceptions or force majeure clauses and provided guidance on the correct application of the compensatory principle of damages in Classic Maritime v Limbungan. Classic Maritime Inc v Limbungan Makmur SDN BHD & Anor [2019] EWCA Civ 1102

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Perspective - Blog

The Art of the (Settlement) Deal

Published on 26 Jul 2019. By Davina Given, Partner

According to the English Court of Appeal, giving up a right which the debtor does not even know he has is sufficient consideration for settling a debt. But the vexed question of what amounts to "good" consideration remains uncertain enough for those entering into a contract always to consider whether good consideration has been given. If in doubt, pay a nominal amount.[1]

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Perspective - Blog

Make the most of a mediation - 10 Top Tips

Published on 25 Jul 2019. By Geraldine Elliott, Partner and Emma West, Senior Associate

Preparation for a mediation is key- you get out what you put in. Here are our top 10 tips for making the most out of the mediation process to successfully settle your dispute.

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Perspective - Blog

Serving up the truth, the whole truth and nothing but the truth?

Published on 05 Jul 2019. By Davina Given, Partner

The Court has reminded us that the duty of full and frank disclosure applies to any application made without notice to the other party. Although this is most typically an issue in applications for injunctions, permission to serve a claim out of the jurisdiction was recently set aside on the grounds of the claimant's failure to disclose to the Court a potential limitation defence to the claim.(1)

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Perspective - Blog

Court of Appeal makes rare order for rectification, with interesting consequences…

Published on 28 Jun 2019. By Alan Williams, Partner

The Court of Appeal has ordered rectification resulting in one party being in breach of warranty and liable pay damages. In Persimmon Homes Limited v Hillier and Creed [2019] EWCA Civ 800, the dispute centred on whether all plots of land required to create a development site were intended by both parties to be included in a sale, when in fact two plots out of six were not included.

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Perspective - Blog

What expenditure falls within ‘ordinary and proper course of business’ exception in freezing orders?

Published on 28 Jun 2019. By Simon Hart, Partner, Head of Banking & Financial Markets Disputes and Daniel Hemming, Partner

The cost of pursuing related arbitration proceedings and fighting extradition proceedings could be costs incurred in the ‘ordinary and proper course of business’ according to the Court of Appeal in Koza Ltd v Koza Altin.(1)

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Perspective - Blog

Court of Appeal upholds decision on importance of industry standard documents in conflicting jurisdiction clauses

Published on 13 Jun 2019.

The Court of Appeal upheld the decision of the High Court[1], highlighting the risk that the English and Italian Courts may reach different decisions on the underlying factual background of related disputes even where the disputes could be said to fall under different agreements [2]. Therefore, parties need to appreciate that the English Court will put the certainty of industry standard documentation (such as ISDA Master Agreements) first such that it is dangerous to have different jurisdiction and/or governing law clauses in related agreements.

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Perspective - Blog

Economic duress: when is a threat not an (illegitimate) threat?

Published on 31 May 2019. By Jonathan Cary, Partner

In what circumstances can a threat not to enter into a contract amount to economic duress? Broadly speaking, when pressure is exerted "in bad faith", according to the Court of Appeal in Times Travel (UK) Limited v Pakistan International Airlines Corporation

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Perspective - Video

Disclosure Pilot Scheme: Technology

Published on 22 May 2019. By Dan Wyatt, Partner

How does the Disclosure Pilot encourage the use of technology?

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Perspective - Blog

Novel approach to measuring damages resulting from a breach of warranty

Published on 15 May 2019. By Geraldine Elliott, Partner and Emily Saffer, Associate

The accepted approach of diminution in the value of the target company has been unsuccessfully challenged in Oversea-Chinese Banking Corporation Limited v ING Bank NV ([2019] EWHC 676 (Comm)).

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Perspective - Video

Disclosure Pilot Scheme: A balancing act

Published on 13 May 2019.

Disclosure has always involved a balancing act between all parties involved, to progress cases in an efficient and cost effective manner, but the Disclosure Pilot Scheme seeks to change where that balance lies. Partners Parham Kouchikali and Davina Given discuss in more detail.

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Perspective - Blog

Ang(er) over jurisdiction challenge: High Court seeks to clarify whether speculative investment by a private individual is a business or consumer activity

Published on 10 May 2019. By Simon Hart, Partner, Head of Banking & Financial Markets Disputes and Harriet Evans, Associate

Failed jurisdiction challenge against a private individual making speculative currency transactions on the basis that she could be considered a consumer under the Recast Brussels Regulation (Romana Ang v Reliantco Investments Limited [2019] EWHC 879 (Comm))

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Perspective - Blog

No exceptions to exclusionary rule: Court of Appeal confirms established principle

Published on 10 May 2019. By Geraldine Elliott, Partner

While evidence of pre-contractual negotiations can be adduced to demonstrate how a transaction came about or what its commercial aims were, it cannot be relied on to aid the interpretation of the contractual provisions themselves. Merthyr (South Wales) Ltd v Merthyr Tydfil County Borough Council ) [2019] EWCA Civ 526.

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Perspective - Publication

Financial litigation roundup Spring/Summer 2019

Published on 08 May 2019.

Welcome to the latest edition of our financial litigation roundup. In this edition, we consider recent judgments and ongoing cases from the banking and financial world in the UK and Hong Kong, as well as legal developments across those jurisdictions.

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Perspective - Video

Disclosure Pilot Scheme: Cooperation and culture

Published on 07 May 2019. By Davina Given, Partner and Parham Kouchikali, Partner

Partners Parham Kouchikali and Davina Given discuss the Disclosure Pilot Scheme and the change in cooperation and culture needed for the pilot to be successful for all parties involved.

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Perspective - Blog

The High Court removes its cap for litigation funders

Published on 03 May 2019. By Davina Given, Partner and Chris Ross, Partner

The High Court has declined to cap a litigation funder's liability for adverse costs at the amount of funding provided. It confirmed that the so-called Arkin cap is an approach to be considered, not a rule to be followed (Davey v Money [2019] EWHC 997 (Ch)).

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Perspective - Blog

Duty of care can exist between parent company and third parties affected by subsidiaries' actions

Published on 30 Apr 2019. By Parham Kouchikali, Partner

Vedanta(1) is one of three similar cases progressing through the English courts concerning jurisdiction, mass tort claims and the potential liability of an English parent company for the actions of its foreign subsidiaries,(2) the others being Unilever and Dutch Shell.

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Perspective - Blog

What if third parties helped to hide the golden egg?

Published on 25 Apr 2019. By Davina Given, Partner and Emma West, Senior Associate

What if third parties helped to hide the golden egg?

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Perspective - Blog

The fraudster is insolvent – can you add more eggs to the basket?

Published on 24 Apr 2019. By Davina Given, Partner and Emma West, Senior Associate

The fraudster is insolvent – can you add more eggs to the basket?

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Perspective - Blog

What to do if the golden egg hatches (or you need to trace into the fraudster's other assets)

Published on 24 Apr 2019. By Davina Given, Partner and Emma West, Senior Associate

What to do if the golden egg hatches (or you need to trace into the fraudster's other assets)

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Perspective - Blog

How can I find the golden egg? Part 2: ask the Easter bunny (or third parties)

Published on 23 Apr 2019. By Davina Given, Partner and Emma West, Senior Associate

How can I find the golden egg? Part 2: ask the Easter bunny (or third parties)

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Perspective - Blog

Egg supplier ends up with egg on its face

Published on 18 Apr 2019. By Davina Given, Partner

Egg supplier ends up with egg on its face

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Perspective - Blog

Should fraud unravel all? The Supreme Court thinks so

Published on 18 Apr 2019. By Karina Plain, Associate (Australian qualified)

Should fraud unravel all? The Supreme Court thinks so

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Perspective - Blog

How can I find the golden egg? Part 1: ask the fraudster and accept no eggs-cuses

Published on 17 Apr 2019. By Davina Given, Partner and Emma West, Senior Associate

How do I find the golden egg? Part 1: ask the fraudster and accept no eggs-cuses

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Perspective - Blog

How do you stop the golden egg rolling away?

Published on 15 Apr 2019. By Davina Given, Partner and Emma West, Senior Associate

How do you stop the golden egg rolling away?

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Perspective - Blog

The greatest Easter egg hunt: asset recovery in the English courts

Published on 15 Apr 2019. By Davina Given, Partner and Emma West, Senior Associate

The greatest Easter egg hunt: asset recovery in the English courts

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Perspective - Blog

English Court trumps the FBI

Published on 05 Apr 2019. By Davina Given, Partner and Joe Cresswell, Senior Associate

In HP's high profile claim against Mike Lynch in relation to its acquisition of Autonomy, the English High Court has held that the implied undertaking against collateral use of documents received in the course of litigation prevented disclosure of those documents to the FBI.

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Perspective - Blog

Game theory and the art of litigation strategy - Article 4

Published on 02 Apr 2019. By Christopher Whitehouse, Senior Associate and Simon Hart, Partner, Head of Banking & Financial Markets Disputes

Escaping the Hobbesian Trap – the impact of aggression in litigation settlement strategy

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Perspective - Blog

What are the circumstances in which acting in breach of EU sanctions will kill a claim?

Published on 21 Mar 2019. By Christopher Whitehouse, Senior Associate

An Iranian oil company was defrauded in a failed attempt to circumvent EU sanctions - does its claim survive the Patel v Mirza illegality test?

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Perspective - Blog

"Agency" is not always enough to engage the law of bribery and secret commissions

Published on 13 Mar 2019. By Charlotte Henschen (née Ducker), Partner and Jonathan Cary, Partner

The Court of Appeal has held that the payment by a seller of a fee to an acquisition agent without the buyer's knowledge does not render the contract for sale void or voidable. The decision turned on whether there was sufficient trust and confidence in the relationship between the buyer and the acquisition agent. Prince Arthur Ikpechukwu Eze v Conway and another [2019] EWCA Civ 88

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Perspective - Blog

Enforceable oral contracts – Supreme Court looks to conduct and context

Published on 07 Mar 2019. By Geraldine Elliott, Partner

To avoid expensive litigation, contracting parties should ensure that all essential terms are expressly agreed within a legally binding contract. Where some essential terms are missing, but the parties clearly intend to be bound by and act on their agreement, the court will be keen to find an enforceable agreement. Wells v Devan 2019, UKSC 4.

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Perspective - Blog

Is a good arguable case good enough? The Court of Appeal considers the test for establishing jurisdiction

Published on 19 Feb 2019. By Emma West, Senior Associate and Geraldine Elliott, Partner

The test for deciding whether a claimant has a good arguable case is relative following the Court of Appeal's decision in Kaefar v AMS Drilling and others.

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Perspective - Blog

Time waits for know-ledge: but what does that mean for limitation?

Published on 12 Feb 2019. By Davina Given, Partner

Keep limitation under review, Section 14A does not extend the limitation period until each and every breach is identified and a claimant cannot postpone the date of 'knowledge' under Section 14A of the Limitation Act by choosing which breach of duty it relies on.

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Perspective - Blog

Drafting a contract? Beware the well-intentioned but unenforceable agreement to agree

Published on 05 Feb 2019. By Jonathan Cary, Partner

"Such period as shall reasonably be agreed between (the parties)" is an agreement to agree and therefore unenforceable according to the Court of Appeal in Philip Morris v Swanton Care & Community Limited.

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Perspective - Blog

Can expert evidence be used to determine dishonesty?

Published on 31 Jan 2019. By Parham Kouchikali, Partner

Dishonesty in relation to financial market practices is to be determined against an objective standard; expert evidence as to market practices cannot be adduced to decide the issue.

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Perspective - Blog

A look back at the Year of the Dog

Published on 31 Jan 2019.

Over the past 12 months, the courts of Hong Kong have made a number of interesting decisions, many of which we have written about, and which are likely to prove instructive for lawyers in 2019 and beyond.

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Perspective - Blog

Funding for disputes – “one step forward”

Published on 04 Jan 2019. By David Smyth, Senior Consultant

In a significant development in June 2017, the Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Ordinance was enacted. It provides for a legislative regime for third party funding of arbitration and mediation in Hong Kong.

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Perspective - Blog

An excessive demand is still a demand - Barclays Bank plc v Price

Published on 02 Jan 2019.

A demand made under a guarantee may be effective even when the amount demanded exceeds an express liability cap.

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Perspective - Blog

Watch out! Internal settlement negotiations may not always remain "internal"

Published on 19 Dec 2018. By Davina Given, Partner

WH Holding Limited (1) West Ham United Football Club Limited (2) v E20 Stadium LLP [2018] EWCA Civ 2652 finds that internal settlement negotiations are not protected by litigation privilege.

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Perspective - Blog

On the twelfth day of Christmas, the High Court gave to me…twelve judges judging

Published on 18 Dec 2018. By Davina Given, Partner

It attracted nothing like the controversy of the US Senate's confirmation of US Supreme Court Justice Kavanaugh. However, the decision of the two selection commissions to recommend, and of the Lord Chancellor to recommend to the Prime Minister, the appointment of Lady Hale to the Presidency of the UK Supreme Court and of Ladies Black and Arden to the Court marked historic firsts in 2018.

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Perspective - Blog

On the eleventh day of Christmas, the High Court gave to me…eleven groups a-growing

Published on 17 Dec 2018. By Davina Given, Partner and Chris Ross, Partner

Unlike Scrooge, litigation will not wake transformed on Christmas Day into a gentler, kinder activity. But it is undergoing a slower transformation with the growth of various forms of group litigation in England.

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