Wills & Trusts Law Reports | Autumn 2022 #188The claimants were the Dubai-resident settlors and beneficiaries of two Cyprus-law trusts and two trust-owned companies incorporated in Panama and the British Virgin Islands. The trustee of both trusts was a Cypriot company, controlled by directors also resident in Cyprus. The defendant gave investment advice to the trustee. On the defendant’s advice, substantial trust funds were invested in two Cypriot telecommunications companies carrying on business in Greece in which the defendant was alleged to have some involvement.
From at least 2016 the defendant was resident in England. I...
Simon Nurney and Gavin Gray explore a recent decision on the question of jurisdiction ‘The Court of Appeal found that the alleged conspiracy was manifestly more closely connected with Russia than with any other place.’ In the recent case of Erste Group Bank AG London Branch v JSC ‘VMZ Red October’ [2015], the Court of …
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Andrew Hearn assesses the process and pitfalls for international litigants in the Commercial Court ‘If potentially complex jurisdictional battles are to be avoided, try wherever possible to contract for a suitable choice of law and for the courts which will determine any disputes.’ The international caseload of the English Commercial Court is enormous. A survey …
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