Appointment of Special Administrators of WealthTek LLP

On Thursday 6 April 2023, at a final hearing, Mr Justice Zacaroli made a special administration order in respect of WealthTek LLP, a wealth management firm which also trades as Vertem Asset Management and Malloch Melville. The Judge appointed Shane Michael Crooks, Mark James Shaw and Emma Sayers of BDO LLP to act as WealthTek’s […]

Watts v Watts [2023] EWHC 679 (Ch)

In a case that has attracted much media attention, last week Master Clark handed down judgment in a case concerning an allegedly forged will. The Claimant, Carlton Watts, had brought proceedings against his mother, Jobyna Watts, for allegedly forging her late husband’s will (“the Will”). Mr Watts alleged Ms Watts had used the will of […]

London Luton BPRA Property Fund LLP v HMRC

HMRC have secured a major victory in the case of London Luton BPRA Property Fund LLP v HMRC, which concerns the availability of business premises renovation allowances, a type of capital allowances. The case relates to the conversion of a property into a hotel situated near London Luton airport. The issues in the case included […]

Marcellus Kooter v (1) The Official Receiver, (2) Manuela Radeva, (3) Simon Underwood and Laurence Pagden (as trustees in bankruptcy) – A review by Lauren Kreamer

On 22 March 2023, Deputy Insolvency and Companies Court Judge Agnello KC handed down judgment in the matter of Marcellus Kooter v (1) The Official Receiver, (2) Manuela Radeva, and (3) Simon Underwood and Laurence Pagden (as trustees in bankruptcy), on an application made by the former trustees in bankruptcy of Ms Radeva relating to […]

Identity fraud: can a solicitor owe a duty of care to a non-client?

Jeremy Cousins KC and Peter Dodge (instructed by Mills & Reeve) appeared in the Court of Appeal for the Seventh Defendant, Rees Page, in Ashraf v Lester Dominic Solicitors [2023] EWCA Civ 4, CA (having previously appeared for Mishcon de Reya in Dreamvar) UH exchanged contracts for the sale of his house to A. Unusually, […]

Court of Appeal hands down judgment in Musst Holdings Ltd v Astra Asset Management UK Ltd [2023] EWCA Civ 128 – Christopher Boardman KC and Tom Beasley

The Court of Appeal has upheld Freedman J’s finding that an agreement between an introducer and an investment manager was novated to two successors entities. It has also confirmed that certain changes in investment strategy by the successor did not end the introducer’s entitlement to its share of management and performance fees. The case concerned […]