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Mr Justice Yeats of the Supreme Court of Gibraltar (equivalent to the High Court in England and Wales) handed down a judgment on 31 January 2023 in Tolkynneftegaz LLP & Anor v Terra RAF Trans Traiding Ltd & Ors, 2023/GSC/003 declining jurisdiction over an action seeking damages of roughly USD 500 million brought by Tolkynneftegaz…

Summary of the Court’s decision On 5 October 2022, the Supreme Court handed down its long-awaited decision in the appeal of BTI 2014 LLC v. Sequana S.A. and Others. The Supreme Court held that directors owe a duty to consider creditors’ best interests when a company is insolvent, or when they ought to know that…

The French Cour de Cassation, France’s supreme court of appeal, has just handed down its decision in Kabab-ji v Kout Food Group, concerning enforcement of a 2017 Paris arbitral award. In its judgment of 28 September 2022, the French Court found in favour of Kabab-ji. In dismissing Kout’s appeal on the annulment, the Court effectively…

We are proud to announce Velitor Law’s inclusion as a leading commercial litigation firm in the Legal 500 2023 edition. Velitor Law was launched in 2021 by disputes specialist Seamus Andrew, a former barrister and founder of law firm SCA Ontier. Andrew, who is described as ‘one of the most effective lawyers around’, is partnered…

The Competition Appeals Tribunal website has been updated to include summary details of Velitor Law’s involvement in the BSV Claims litigation, as well as other claims subject to the CAT’s jurisdiction. The Competition Appeal Tribunal’s summary can be seen here:  https://www.catribunal.org.uk/cases/15237722-bsv-claims-limited The claim is being brought by Lord Currie of Marylebone as class representative to…

Velitor Law acting for BSV Claims, has filed a collective opt-out claim against various leading cryptocurrency exchanges. BSV Claims, led by Lord Currie of Marylebone as the lead class representative, seeks damages currently estimated at approximately £10 billion on behalf of an estimated class of more than 240,000 UK investors in Bitcoin Satoshi Vision (BSV)….

On 25 May 2022, the UK’s Supreme Court issued a decision on the apportionment of costs in the Competition Appeal Tribunal (the “CAT”). This decision has implications for future costs rulings of the CAT where the Competition and Markets Authority (“CMA”) is a party. The decision is also of broader significance insofar as it rejects…

Velitor made their exhibitor debut at the BSV Global Blockchain Convention with founder Seamus Andrew speaking at the “Law & Order: Regulatory Compliance for Blockchain & Digital Assets” panel.  Velitor’s booth, guarded by a trusty Stormtrooper aptly christened “Stormy”, delighted guests and speakers alike, providing an interesting talking point in relation to the Ainsworth v…

Velitor Law is pleased to announce that it will be attending the BSV Global Blockchain Convention in Dubai as an Exhibitor Partner. The BSV Global Blockchain Convention will take place in Dubai between 24-26 May 2022, patronised by HH Sheikh Saud bin Saqr al Qasimi of Ras Al-Khaimah and the Ras Al-Khaimah Chamber of Commerce….

In a single judgment handed down on 27 April 2022, Lady Justice Andrews allowed an appeal against the dismissal of an unfair prejudice petition under section 994 of the Companies Act 2006. The judgment provides welcome clarity on the circumstances in which delay in bringing an unfair prejudice petition will see the petition fail at…