Byers & ors v The Saudi National Bank [2022] WTLR 437

Wills & Trusts Law Reports | Summer 2022 #187

This action related to a transfer in September 2009 of shares in five Saudi Arabian banks, then collectively worth about US$318m, by Mr Maan Al-Sanea (who at that time held those shares) to Samba Financial Group (Samba). The claimants were the liquidators of Saad Investments Company Ltd (SICL). They alleged that Mr Al-Sanea had at the time of the transfer held those shares on trust for SICL. The claimants brought a number of different actions against Samba in respect of the transfer of the shares, formulating the case on various legal bases in the various different actions. The iteration...

Group Seven Ltd & anr v Notable Services LLP & anr [2019] WTLR 803

Wills & Trusts Law Reports | Autumn 2019 #176

These appeals arose from the a ‘brazen fraud’ by which Allseas Group SA was defrauded of €100 million. After the fraud took place, there was an attempt to launder the proceeds through the client account of a London firm of solicitors, Notable Services LLP, whose partners included Mr Landman. Police intervention secured the return of €88 million – the present proceedings concerned attempts to recover the remainder of this sum from Notable, Mr Landman, Mr Louanjli (a bank employee who provided information to Notable) and LLB Verwaltung, the bank who employed him (”the Bank”).

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Trusts: Test of dishonesty revisited

Sukhninder Panesar looks at recent case law on liability for knowing assistance ‘In order for a stranger to be held liable for assisting in a breach of trust, a number of requirements must be met.’ What constitutes dishonesty in the English legal system has continued to challenge both civil and criminal courts. Over the last …
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Fundamental dishonesty: More than a little white lie

Andrew Middlehurst discusses how s57 of the Criminal Justice and Courts Act 2015 is being interpreted ‘These cases all show that there is a clear approach to addressing the question of fundamental dishonesty and that a claimant cannot simply rely on the fact they will “miss out” on compensation to show they will suffer substantial …
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Case report: London Organising Committee of the Olympic and Paralympic Games (in liquidation) v Sinfield [2018] EWHC 51 (QB)

Fundamental dishonesty; special damages for expenses ‘The dishonesty was motivated not by a wish to create a false claim but “to conceal and get away with the muddled and careless presentation of his case in the past“.‘ This is a fundamental dishonesty case. The factual analysis on appeal provides a useful illustration of how to …
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