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Latest City Law News
12/11/2008 - The Court is entitled to reverse an order where there has been an innocent but material non-disclosure in obtaining that order.
The company was an unregistered company being wound up in Russia. In May 2007, the company was declared insolvent, and K was appointed as its liquidator. The company was carrying on business only for the purpose of winding up its affairs and was unable to pay its debts. Accordingly, the English courts had jurisdiction to wind it up. K had powers equivalent to those of an English liquidator.
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05/11/2008 - FSA rejects calls for more hedge fund regulation
The FSA has rejected calls for greater regulation of the hedge fund industry, saying that more effective regulation, rather than more regulation, is the goal.
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03/11/2008 - Judge warns of dangers of overloading interim applications
The Court was due to hear the Claimants' application for summary judgment relating to an unpaid debt as well as the Defendants' application to set aside a world-wide freezing order obtained against them. The hearing was listed for three days and was during the Court's summer vacation.
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