Caldero Trading Limited v Beppler & Jacobson Limited and ors


Reference:
LTL 2/12/2014

Date:
1st December 2014

Court:
High Court

Comment:

Robin Hollington QC and Adrian Pay act for the successful petitioner in a dispute relating to two prestigious hotels in Montenegro. At a hearing in relation to the implementation of a share purchase order, the petitioner sought and obtained freezing relief against the shares of the majority shareholders and those to be transferred by the petitioner pursuant to the share purchase in relation to numerous orders for payment of costs to be subject to detailed assessment. The dishonesty shown by the respondents justified an inference of a risk of dissipation of assets and their repeated failures to comply with orders to pay assessed costs until it suited them indicated a propensity to prefer their own interests over those of their creditors.

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