High Court orders payment to sellers from escrow account, despite purchaser’s fraud claims, as claims had not been notified in accordance with the SPA

The High Court has granted the sellers of a company summary judgment on their claim for specific performance of a clause requiring payment of consideration from an escrow account, as the purchaser’s claims had not been properly notified in accordance with the relevant contractual provisions: Arani & Ors v Cordic Group Ltd [2021] EWHC 829. … Read more

High Court finds that a claimant’s “awareness” of a representation is an essential prerequisite to a claim for misrepresentation

In a recent decision, the High Court has struck out claims against a defendant bank alleging implied fraudulent misrepresentations in relation to LIBOR, on the basis that the claimants had failed to plead that the alleged representations were actively present in their mind when entering into the products in question and therefore the claim stood … Read more

The Law of Solicitors’ Liabilities, Fourth Edition published

The Law of Solicitors’ Liabilities, Fourth Edition, previously known as Solicitors’ Negligence and Liability, has recently been released. The publication was written by leading practitioners in the field Tom Leech QC of Herbert Smith Freehills and William Flenley QC of Hailsham Chambers with contributions from Thomas Grant QC (Maitland Chambers), Nicola Rushton QC (Hailsham Chambers), Alice … Read more