James Ramsden QC & Saima Hanif secure £5m judgment set-aside in Thai corporate fraud claim

News James Ramsden QC 17th January 2018

James Ramsden QC & Saima Hanif, instructed by Squire Patton Boggs, secured the set aside of a £5m judgment in the Commercial Court on 11th January 2018 in Apollo Ventures C. Ltd v Manchanda, 4G Properties Ltd & HKM Investments Ltd [2018] EWHC 58 (Comm).

The Claimant, a Thai incorporated company, claimed against defendants in Thailand, India and the UK damages and tracing remedies arising out of a re-refinancing agreement. The judgment is of general and wider interest as it addresses both the evidential threshold under CPR Pt.13.3(1)(a)  for establishing a reasonable prospect of defending the claim and the application of the “some other good reason” test under CPR Pt.13.3(1)(b) in circumstances where it is alleged that there was a binding agreement not to enter default judgment.

To read the full judgment, please click here.

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James Ramsden QC