Test Case on National Insolvency Law & Economic Successor Liability Gibson & Co. recently acted for the European Commission in High Court litigation in London. The matter was an important test case brought against the Commission by Conex Banninger Limited concerning the inter-relation of English insolvency law and the Commission’s right to impose fines in […]
Category: Legal Update
“The most important standard market agreement used in the financial world” – what does it mean?
“The most important standard market agreement used in the financial world”[1] – what does it mean? One theme running through the mis-selling litigation in the English Commercial Court in the last 10 years is the primacy of the contract. Time and again, the investor has failed to pierce the protection afforded to the financial institution […]
Security for Costs – Latest Developments
Security for Costs – Latest Developments The firm recently acted for a client (Dumrul v Standard Chartered Bank [2010] EWHC 2625 (Comm)) successfully defending an application for security for costs. First, a reminder of the general principles: · A Defendant to any claim may apply under CPR Rule 25.12(1) for security of his costs of […]