Category: Uncategorized

Sayn-Wittgenstein-Sayn v Juan Carlos I [2023] EWHC 2478 (KB) Summary The former King of Spain, His Majesty Juan Carlos Alfonso Victor María de Borbón y Borbón, succeeded in his recent application to bring to an end the claim against him in the English Courts brought by Corinna zu Sayn-Wittgenstein-Sayn. The claim included £126 million in…

England is often seen as an arbitration-friendly jurisdiction. London is a popular choice as the arbitration seat and English courts rarely refuse recognition and enforcement. The most recent statistics show how reluctant English courts are to interfere in the arbitral process, with challenges under ss. 67, 68, and 69 of the Arbitration Act 1996 particularly…

We are pleased to announce that Velitor Law will be attending the London Blockchain Conference as an Exhibitor Partner for the second year in a row. After the successful Conference held in Dubai in 2023, Velitor Law will be back to share our expertise in the areas of regulation and compliance in the blockchain sphere….

Comment The Court of Appeal’s judgment in MUR Shipping BV v RTI Ltd was handed down at the end of 2022. The judgment is of significant interest to financial institutions and other parties who have contractual relationships with entities which are now subject to a sanctions’ regime. The judgment also serves as a useful reminder…

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)….