![Stanford Worldwide Financial institution Ltd (in liquidation) v HSBC Financial institution PLC (Expedited) [2022] UKSC 34 – UKSC Weblog](https://i.ibb.co/n3GR16f/pebisnis-menandatangani-kontrak-legal-potret-stok-yythk.jpg "Stanford Worldwide Financial institution Ltd (in liquidation) v HSBC Financial institution PLC (Expedited) [2022] UKSC 34 – UKSC Weblog")
On enchantment from: [2021] EWCA Civ 535
The Appellant (“SIB”) is an organization included in Antigua and Barbuda that went into liquidation in 2009. Most of SIB’s enterprise was promoting funding merchandise to worldwide prospects. Nonetheless, throughout 2003 to 2009, SIB was being run as a big Ponzi scheme. Buyer withdrawals and funds when funding merchandise supposedly matured have been being produced from capital invested by different prospects relatively than funding proceeds. In 2008, many purchasers requested withdrawals from SIB fearing that it could turn into bancrupt.
SIB had 4 financial institution accounts with the Respondent (“HSBC”). These accounts have…
![Candey Ltd v Crumpler and one other (as Joint Liquidators of Peak Lodges and Resorts Ltd (In Liquidation)) [2022] UKSC 35 – UKSC Weblog](https://i.ibb.co/5Bztk5L/stress-free-job-interview-picture-id1185978119.jpg "Candey Ltd v Crumpler and one other (as Joint Liquidators of Peak Lodges and Resorts Ltd (In Liquidation)) [2022] UKSC 35 – UKSC Weblog")
Candey Ltd, the appellant, acted as a solicitor for Peak Lodges & Resorts Ltd (“PHRL”) between April 2014 and March 2016 in respect of worldwide litigation and numerous different issues. One such matter was an motion within the Excessive Courtroom in London, known as “the London Litigation”.
On 21 October 2015, PHRL entered into a hard and fast price settlement (the “FFA”) with the appellant, beneath which the appellant agreed to proceed to behave for PHRL in return for a hard and fast price (the “Mounted Payment”). Fee of the Mounted Payment was deferred till the handing down of judgment…
Hearings in the Supreme Court are now shown live on the Court’s website.
On Wednesday 19th July the Court will hand-down judgment in Jones v Birmingham City Council and another [2023] UKSC 27. The Court will determine whether Part 4 of the Policing and Crime Act 2009 is incompatible with Article 6 of the European Convention on Human Rights. The hand-down will begin at 9:45am in Courtroom 1.
From Wednesday 19th July – Thursday 20th July the Court will hear the case of Commissioners for His Majesty’s Revenue and Customs v Fisher and anotheron appeal from [2021] EWCA Civ 1438.…
Seoul, South Korea (CNN) — More than 51 million people in South Korea awoke on Wednesday to find themselves a year or two younger – at least, according to the law.
Under legislation that came into effect Wednesday, “all judicial and administrative areas” across the East Asian country will adopt the “international age” system used by most of the world, ending years of debate about the problems caused by the formerly common use of “ Korean age” and “calendar age.”
Standardizing ages will “reduce various social confusions and disputes,” said Lee Wan-kyu, the Minister of Government Legislation, at a news…
In this post, Jack Prytherch, Of Counsel in the Tax Disputes & Investigations team at CMS, comments on the Supreme Court’s decision in HMRC v SSE Generation Ltd [2023] UKSC 17, which was handed down on 17 May 2023. The issue before the Supreme Court was the extent to which SSE Generation Ltd (“SSE”) was entitled to claim capital allowances on expenditure incurred when constructing the hydro-electric power station at Glendoe, Fort Augustus in Scotland (the “Glendoe Scheme”). The CMS Tax Disputes & Investigations team was pleased to have advised SSE on this case. Counsels for SSE were Jonathan Peacock…
Meta says it will cease providing news services on Facebook and Instagram before Canada’s new law requiring it to pay news publishers comes into effect.Canada’s Online News Act (Bill C-18) has cleared its final Senate hearing and now needs only royal approval to become law. By the time it does, Meta will have shut down its news services for the country, so there.
Meta is effectively saying that it’s their ball and they’re taking it home. But of course it’s not their ball, this is about Facebook and Instagram profiting from news publishers as it pays them nothing, and…
In a recent decision, the High Court of England and Wales has found that Tesco’s use of the yellow and blue Tesco Clubcard logos (reproduced below) infringed Lidl’s trade marks (see the relevant Lidl marks below) and also gave rise to copyright infringement and passing off.The supermarket chains have been in a battle over the use of their respective signs with a square blue background and yellow circle. For further information on the background to the dispute you can read our previous article here (Lidl Great Britain Limited v Tesco Stores Limited [2022] EWHC 1434 (Ch)).(the “Lidl Marks”)…
SSE Generation Ltd, the respondent, claimed capital allowances on expenditure incurred when constructing a hydro-electric power station at Glendoe, Fort Augustus in Scotland. Such allowances may be deducted from income for the purpose of calculating a company’s trading profits subject to corporation tax. Commissioners for His Majesty’s Revenue and Customs (“HMRC”) disputed certain allowances claimed by SSE for tax years 31 March 2006 to 31 March 2012 on the basis that in their view certain relevant assets did not give rise to allowable expenditure under the Capital Allowances Act 2001 (the “Act”).
SSE appealed to the First-tier Tribunal (the “FTT”).…
