The Arbitration Act 2025: Key reforms and their impact on international arbitration in the UK The Arbitration Act 2025 significantly refines the UK’s international arbitration framework. Building upon the Arbitration Act 1996, the new legislation modernises arbitration law, enhances efficiency, and clarifies key legal principles. In this article, we examine the most important changes,
El-Husseiny v Invest Bank PSC: Supreme Court ruling on creditor rights On 19 February 2025, the Supreme Court dismissed the appeal in El-Husseiny and another v Invest Bank PSC, a significant case concerning asset recovery and creditor protection. The case involved Invest Bank PSC, a UAE-based public shareholding company, which sued Ahmad Mohammad El-Husseini
Failure to Prevent Fraud Under the Economic Crime and Corporate Transparency Act 2023 The offence of “failure to prevent fraud” has been incorporated into The Economic Crime and Corporate Transparency Act 2023 (the Act). This legislation aims to hold companies accountable if fraud is committed by employees or associated persons for the organisation’s benefit.
Servis-Terminal v Drelle: A Landmark Decision on the Recognition of Foreign Judgments The Court of Appeal has recently clarified an important aspect of cross-border enforcement in insolvency proceedings. In Servis-Terminal LLC v Drelle [2025] EWCA Civ 62, the Court of Appeal ruled that a foreign judgment cannot be used as the basis for a
Investment Fraud Exposed: The Power of Private Prosecution We acted for a client based in the UAE as a private prosecutor in a fraud case, highlighting the devastating impact of investment fraud and the value of private prosecutions in achieving justice. The matter had been reported to the police, but as steps had not
Security for costs relating to Claimant’s based outside of England and Wales There is a general principle in litigation that the losing party will pay the successful party’s legal costs. Where a defendant has concerns that the other side may not pay their costs, they can ask the court to make a security for
Facing corporate insolvency: What do I need to know about personal guarantees? Owners and directors of small and medium-sized businesses and start-ups are often required to sign personal guarantees in order to secure funding. Should you face corporate insolvency a personal guarantee can put all of your personal assets at risk, including your family
Director disqualification: what do I need to know? When a company director fails to carry out their legal responsibilities, they run the risk of being disqualified. This can be a lengthy procedure resulting in a period of disqualification during which it is not permitted to form, promote or manage a company. The main law
Hague Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters ratified by UK government The UK government has now ratified the Hague Convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters. It will take effect on 1 July 2025 in
Do Statutory Limitation Periods Apply to Unfair Prejudice Petitions? For several decades, the prevailing wisdom had been that unfair prejudice petitions brought under s.994 of the Companies Act were not subject to the statutory limitation periods set out in the Limitation Act 1980. This principle was highlighted in the case of Bailey v Cherry
Fraudulent misrepresentation and conspiracy case looks at elements of deceit A recent fraudulent misrepresentation and unlawful means conspiracy case has looked at the elements needed to prove a claim. A hearing in the case of GI Globinvestment Ltd & ors v Federico Faleschini & ors [2024] examined whether the claimants’ case against some of
The new Economic Crime and Corporate Transparency Act 2023 and its impact The Economic Crime and Corporate Transparency Act 2023 (ECCTA) has received Royal Assent. The new act aims to stop organised criminals, fraudsters, kleptocrats and terrorists from using corporate bodies such as companies and partnerships for their purposes. It is also intended to
Shareholder remedies: How can I resolve a shareholder dispute? When a shareholder’s rights have not been observed by a company and/or its directors, it is possible for them to ask the court to impose a fair remedy. There are three bases on which an application can be made to the court for shareholder remedies
Misrepresentation and the 11 facts you need to know When someone is induced to enter into a contract because of a false statement made to them by the other party to the contract and they subsequently suffer a loss because of their reliance on that false statement, they are a victim of misrepresentation. A
Breach of contract explained and the 7 questions you need to ask Contracts form the basis of legal agreements in all areas of life. They do not have to be in writing, although most are, particularly when dealing with business matters. Every valid contract must have four key elements: offer, acceptance, consideration (ie. something
