The Digital Dispute Resolution Rules: A universal dispute resolution process for the digital age?

Executive summary Following recent developments in the law relating to digital assets across the globe, the UK Jurisdiction Taskforce released its Digital Dispute Resolution Rules on 22 April 2021. The publication of the Rules follows the launch of the Taskforce’s Legal Statement on cryptoassets and smart contracts. The UKJT Rules build on the conclusion of…

Supreme Court restates test for application of SAAMCO principle

On Friday 18 June 2021, the Supreme Court handed down judgment in  Manchester Building Society v. Grant Thorton UK LLP [2021] UKSC 20. The decision restates the test for the application of the principle defined in the 1996 House of Lords decision in Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd; South Australia…

Revisiting commercial contracts post COVID-19

At the heart of most commercial relationships lies a contract. Due to the pandemic, parties have had to review, revisit and on occasion renegotiate their terms in a contract. In more unfortunate circumstances, parties have had to turn to the courts to interpret clauses and resolve their disputes. As we start to put COVID-19 behind…

Cryptocurrency fraud: interim judgement entered against persons unknown in High Court

Recovering stolen cryptocurrency presents challenges. In cases of cryptocurrency fraud it is often difficult to identify those responsible, and exchanges and wallet providers can be uncooperative in releasing potentially identifying information, even to their own clients.   Helpfully, following an urgent ex parte application, the English High Court in Ion Science Ltd v Persons Unknown (unreported, 21 December 2020) recently…

High Court finds Barclays deceived Amanda Staveley’s PCP Capital Partners, but awards no damages

In a recent judgment, the High Court (Waksman J) held that a claim for fraudulent misrepresentation by Amanda Staveley’s PCP Capital Partners (“PCP”) against Barclays Bank in relation to its 2008 refinancing was proven.   The judge nevertheless refused any damages because PCP could not show that “serious deceit” by Barclays had caused it any loss.  PCP…

Extra-statutory guidance and its role in relation to the Building Safety scandal – Part 2: Leaseholder Consequences

Guest author Liam Spender is a Solicitor-Advocate and Senior Associate at Velitor Law.  Personally affected by the cladding controversy as a leaseholder, Liam practises in commercial litigation and arbitration in the City of London. This blogpost was originally written for and published on the website of Oxford University’s Faculty of Law, and has been republished…

Extra-statutory guidance and its role in relation to the Building Safety scandal – Part 1: Advice Notes

Guest author Liam Spender is a Solicitor-Advocate and Senior Associate at Velitor Law.  Personally affected by the cladding controversy as a leaseholder, Liam practises in commercial litigation and arbitration in the City of London. This blogpost was originally written for and published on the website of Oxford University’s Faculty of Law, and has been republished…

THINKING, BIG AND SMALL.

Welcome to Velitor, a brand-new legal practice launched on the crest of one of the greatest waves of change the world has ever seen. As we emerge from almost a year of locked-down life, we’re hoping to bring a fresh new perspective to the London litigation market. At the heart of our thinking are some…