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What is covered by Directors’ and Officers’ Liability Insurance? The Companies Act 2006 provides for several director’s duties that could give rise to a civil claim if breached. Directors must: act in accordance with the company’s articles of association only exercise powers for the purposes for which they are conferred promote the success of the […]
Rashid Gaissin and Waleed Tahirkheli recently travelled to Astana, Kazakhstan to attend client meetings, and deepen Eldwick’s presence within the region. During their trip, they visited the AIFC (Astana International Financial Centre): a financial hub for not only Central Asian countries, but the Caucasus, Middle East, Europe and China. Rashid Gaissin and Waleed Tahirkheli were […]
We specialise in resolving shareholder conflicts through advice, negotiation, and litigation, ensuring our clients’ rights and interests are protected within the company. [contact] What are directors’ duties? All company directors must comply with the directors’ duties set out in Chapter 2 of Part 10 of the Companies Act (CA) 2006. These are: To act within […]
Linde GMBH v. Ruschemalliance LLC [2023] HKCFI 2409 In this article we will discuss the impact of Russian sanctions on commerce and trade, particularly situations where there is an Arbitration Agreement between the parties. Anti-Suit and Anti-Anti-Suit Injunctions in UK Law In our previous article, we discussed the decision in Renaissance Securities (Cyprus) Ltd v Chlodwig […]
What is the Fixed Costs Regime? The fixed recoverable costs (FRC) regime sets the amount of legal costs that the winning party can claim back from the losing party in civil litigation. In proceedings today, it is not uncommon for costs to amount to nearly the same or exceed any sum awarded by a court. […]
In 2020, the Russian legislative body made amendments to the Russian Arbitrazh (Commercial) Procedural Code (APC) to establish the exclusive jurisdiction of Russian Arbitrazh Courts in cases involving individuals and entities subject to sanctions. According to the newly introduced Article 248.1 of the APC, Russian courts would exercise exclusive jurisdiction over disputes involving sanctioned individuals […]
In these situations, our commercial arbitration team can advise on and facilitate the application for such relief, ensuring that the parties’ interests are protected throughout the arbitration process. [contact] The Source of the Court’s Powers Section 44 of the Arbitration Act 1996 gives the Court wide powers to make orders for the preservation of assets […]
The LCIA is introducing a number of new measures for arbitrations and mediations that will take effect from 1 December 2023 and apply to LCIA arbitrations registered on or after that date. Schedule of Costs The new measures include a new Schedule of Costs that introduces a new fee range between £250 and £650 per […]
The issue of whether a non-sanctioned company is subject to a freezing order because a designated person who has been sanctioned under the Russia Sanctions Regulations ‘controls’ the entity has recently received a binding court decision in Litasco SA v Der Mond Oil and Gas Africa SA & Locafrique Holdings SA [2023] EWHC 2866 (Comm) (“Litasco […]
