Relief from sanctions in enforcement action against £60 million of assets

Andrew Baker J has dismissed the Kazakhstan Kagazy claimants' attempt to summarily obtain final charging orders against London properties worth about £60 million owned by various trust companies and granted relief from sanctions – the matter will now proceed to trial. The charging order application, together with a separate tracing application, are enforcement proceedings regarding a c. $300 million judgment in the long-running Kazakhstan Kagazy civil fraud litigation.

Joe-han Ho (led by Dominic Chambers QC of Maitland Chambers) acts for various trust companies who are respondents in the proceedings. See here for the full judgment.