The High Court has convened meetings for four separate classes of creditors to consider the proposed restructuring of a group of three failing companies. The case involved Deepocean 1 UK Ltd, which comprised of three companies providing sub-sea services. The group had underperformed for several years due to uneconomical charter rates, large and complex projects,
Sotheby’s auction house has won a $10m contract dispute over the sale of a painting because experts could not agree if it were genuine. The case involved a painting believed to be the work of Frans Hals, the Dutch Golden Age painter. The owners arranged for it to be sold through Sotheby’s to a private
A director has been ordered to repay more than £188,000 after his business went into liquidation. Michael Edward Belcher was the sole director of BM Electrical Solutions Ltd. The company had filed one set of accounts for the period to 31 January 2012. These disclosed a net asset position of £6,465, of which the profit
A housing trust has been ordered to allow a communications company to install and operate equipment on the roof of one of its properties. The case involved Cornerstone Telecommunications Infrastructure Ltd and London & Quadrant Housing Trust (2020). Cornerstone’s activities included installing and maintaining telecommunications apparatus which it made available to its shareholders, two telecommunications
The High Court has settled a dispute between two partners who had worked together for many years in a restaurant business. Tariq Mahmood Malik and Mahboob Hussain Junior had opened a restaurant known as the “”Nawaab”” in 2003. They were equal joint owners of the property in which it was situated and equal joint shareholders
The High Court has settled a trademark dispute over the sale of whisky and bourbon using the word ‘eagle’. Sazerac Brands LLC produced and sold ‘Eagle Rare,’ a well-established, high quality Kentucky straight bourbon whisky. Their EAGLE RARE marks were registered for alcoholic beverages, spirits, whisky and bourbon. Liverpool Gin Distillery Ltd and Halewood International
The High Court has settled a dispute between a couple who were separating and needed to value the shares in their company. The case involved Solent Garage Services Ltd and its two directors, Claire Lewis and Philip Clarke. The couple had established the garage while living together and bringing up their three children. They were
The government has announced that landlords will have to give six months’ notice if they wish to evict tenants who are struggling to pay their rent during the Covid-19 pandemic. It has also extended the ban on evictions until 21 September. The six-month notice rule will apply in all cases except those involving serious issues
A businessman who misappropriated large sums of money from his company has been ordered to refund more than £5 million to his former partner. The case involved Ashank Patel and Mohammad Babar Iqbal, who had been partners in a property development business. After some of the projects suffered delays due to cashflow problems, Patel discovered
Balfour Beatty has won a contract dispute over delays on a construction project. The issue arose after Balfour was engaged by MW High Tech Projects UK Ltd to carry out mechanical and electrical services in relation to the construction of a new laboratory building. The contract was in the form of the JCT Design and