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Damages – Assessment. The defendant was the sole proprietor of a silver business at the London Silver Vaults. The claimant purchased, through the defendant, a large quantity of silver for investment. The claimant demanded delivery of the silver by a certain date, but only some of the silver was delivered. The claimant brought an action, seeking damages for conversion. Judgment was entered in default of acknowledgement of service. The Commercial Court held that the claimant was entitled to recover damages of £406,760.33, based on the fall in value of the silver eventually delivered to it.
Damages – Assessment. The defendant was the sole proprietor of a silver business at the London Silver Vaults. The claimant purchased, through the defendant, a large quantity of silver for investment. The claimant demanded delivery of the silver by a certain date, but only some of the silver was delivered. The claimant brought an action, seeking damages for conversion. Judgment was entered in default of acknowledgement of service. The Commercial Court held that the claimant was entitled to recover damages of £406,760.33, based on the fall in value of the silver eventually delivered to it.
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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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