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Practice – Pre-trial relief. The claimant contended that the defendants had devised and executed a scheme to acquire, for their own benefit, shares and assets of two Russian companies to deprive it of the benefit of those assets as security for borrowing facilities and loans made to the original borrowers. The governing law of the torts alleged was that of Kazakhstan. The claimant was granted a freezing order in respect of the second defendant and an order for service outside of the jurisdiction. The Commercial Court discharged the freezing order and the order for service outside the jurisdiction where the claim had no realistic prospect of success because it was time-barred as a matter of Kazakh law and because of material non-disclosure.
Practice – Pre-trial relief. The claimant contended that the defendants had devised and executed a scheme to acquire, for their own benefit, shares and assets of two Russian companies to deprive it of the benefit of those assets as security for borrowing facilities and loans made to the original borrowers. The governing law of the torts alleged was that of Kazakhstan. The claimant was granted a freezing order in respect of the second defendant and an order for service outside of the jurisdiction. The Commercial Court discharged the freezing order and the order for service outside the jurisdiction where the claim had no realistic prospect of success because it was time-barred as a matter of Kazakh law and because of material non-disclosure.
Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
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Louise Crush explores the key points and opportunities for tax efficiency
Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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