Valla PTC Ltd v Faiman [2020] EWHC 1819 (Comm) (09 July 2020)

Case summary written by Angela Paschalides and checked by Michal Asoulin Background The High Court of Justice of England and Wales (Queen’s Bench Division Commercial Court) (the “Court”) heard a case in which Valla PTC Limited (the “Claimant”) applied for permission to issue an application, as well as an order for summary judgment against Jonathan
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Lamesa Investments Ltd v Cynergy Bank Ltd [2019] EWHC 1877 (Comm)

By Angela Paschalides and checked by Michal Asoulin                                          Background The High Court of Justice (Queen’s Bench Division Commercial Court) (the “Court”) heard a case in which Lamesa Investments Limited, a company registered in accordance with
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Tricon Energy Ltd v MTM Trading LLC [2020] EWHC 700 (Comm) (23 March 2020)

BACKGROUND The High Court of Justice (Business and Property Courts of England and Wales) (the “Court”) heard a case in which, pursuant to section 69 of the Arbitration Act 1996, Tricon Energy Limited (the “Claimant”) appealed an award granted by the arbitral tribunal (the “Tribunal”). MTM Trading LLC (the “Defendant”) was the owner of the
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Praetura Asset Finance Ltd v Hood [2019] EWHC 2231 (Comm) (31 July 2019)

THE DEFAULT JUDGMENT The High Court of Justice (Business and Property Courts in Manchester) (the “Court”) heard a case in which Praetura Asset Finance Limited (the “Claimant”) sought to recover approximately £1,500,000.00 (One Million Five Hundred Thousand Pounds) from Derek Thomas Hood (the “Defendant”) in terms of an unregulated hire purchase agreement which involved a
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Singularis Holdings Ltd v Daiwa Capital Markets Europe Ltd [2018] EWCA Civ 84 (01 February 2018) 

BACKGROUND & SUMMARY This case was first heard in February 2017, where Rose J delivered judgment, in which a financial institution was found to have breached what is commonly known as the “Quincecare duty“. The Quincecare duty was first referred to in the1992 decision of Steyn J in Barclays Bank plc v Quincecare Ltd, which
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Playboy Club London Ltd and others v Banca Nazionale del Lavoro SpA [2018] UKSC 43 (26 July 2018)

SUMMARY The Playboy Club London Ltd (the “First Claimant”) operated a casino based in London and offered cheque cashing facilities to its customers for the purpose of purchasing gambling chips. Mr. Hassan Barakat (“Barakat”), a Lebanese resident and well-known figure at a casino in Lebanon, was desirous of gambling at the First Claimant’s casino. The
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TMF Trustee Ltd & Ors v Fire Navigation Inc & Ors [2019] EWHC 2918 (Comm)(01 November 2019)

BACKGROUND Burlington Loan Management DAC and Bank of America N.A, the third and fourth claimants in the matter (collectively the “Lenders”), entered into a loan agreement (the “Loan Agreement”) with Fire Navigation Inc and Hurricane Navigation Inc, the first and second defendants in the matter (“collectively the Borrowers”). In terms of the Loan Agreement, the
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Zedra Trust Company (Jersey) Ltd and another v The Hut Group Ltd [2019] EWHC 2191(Comm)(29 August 2019)

SUMMARY AND BACKGROUND In or during May 2011, the claimants in the matter, namely Zedra Trust Company (Jersey) Limited and Oliver Nobahar-Cookson (collectively the “Claimants”) concluded a written sale and purchase agreement with The Hut Group Limited (the “Defendant”) wherein the Claimants agreed to sell their shares in Cent Ltd (the “Company”) to the Defendant
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Eleni Shipping Limited v Transgrain Shipping BV (The Eleni P)[2019]EWHC 910 (Comm)(10 April 2019)

SUMMARY AND ARBITRATION AWARD This matter was an appeal from an arbitration award, over the correct interpretation of two clauses, namely clauses 49 and 101, in a charter party contract (a deed between a shipowner and a trader for the hire of a ship and the delivery of cargo)(the “Contract”). The arbitration tribunal who had
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Doyle v PRA Group (UK) Ltd [2019] EWCA Civ 12. (23 January 2019)

BACKGROUND AND SUMMARY Mr Doyle (the “Appellant”) had a credit card issued to him by MBNA Europe Bank Limited (“MBNA”) in 1997 under a running credit card agreement (the “Agreement”). In terms of clause 8f of the Agreement, MBNA were entitled to demand the full outstanding balance of the facility in certain circumstances, subject to
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