“A bankrupt stockbroker who defrauded millions of pounds from some of Britain’s shrewdest business people was today ordered to pay a nominal £1 fee.”
The Independent, 25th March 2013
Source: www.independent.co.uk
“Nearly £2 billion in court fines and confiscation orders remain unpaid, official figures show, as the Government admitted it needed to do more to tackle the debt.”
Daily Telegraph, 19th January 2013
Source: www.telegraph.co.uk
“The former owner of a care home in Nottinghamshire has been jailed for three years for stealing more than £100,000 from an 80-year-old resident.”
BBC News, 11th January 2013
Source: www.bbc.co.uk
“A company executive who led a Walter Mitty existence by stealing £160,000 to fund a luxury lifestyle and impress her millionaire father escaped jail after a judge heard she blamed herself for her father’s death.”
Daily Telegraph, 13th January 2013
Source: www.telegraph.co.uk
“Dozens of super-rich criminals – some worth tens of millions – have received vast sums in legal aid despite their illicit fortunes, an investigation has revealed.”
BBC News, 26th November 2012
Source: www.bbc.co.uk
“Criminals who collectively owe millions of pounds in legal aid could have their assets seized under government plans.”
BBC News, 30th October 2012
Source: www.bbc.co.uk
“A man from Cornwall who was awarded a six-figure sum after being abused by paedophile William Goad has said he is yet to receive any money.”
BBC News, 21st October 2012
Source: www.bbc.co.uk
“A disclosure order obtained in civil recovery proceedings did not authorise sending information notices to persons who were outside the United Kingdom.”
WLR Daily, 25th July 2012
Source: www.iclr.co.uk
VTB Capital Plc v Nutritek International Corp and others: [2012] EWCA Civ 808; [2012] WLR (D) 181
“There was no such thing in English law as a ‘remedial constructive contract’ and the courts had no jurisdiction to subject parties to contractual obligations under a contract to which neither they, not the only undisputed parties to the contract had ever agreed or intended they should be subject. The Court of Appeal was bound to uphold the principle that it was appropriate to pierce the corporate veil only where special circumstances existed indicating that it was only a façade concealing the true facts. The veil-piercing principle had been developed pragmatically for the purpose of providing a practical solution in particular factual circumstances and could not be invoked wherever it was necessary to do so in the interests of justice and no unconnected third party was involved.”
WLR Daily, 20th June 2012
Source: www.iclr.co.uk
“The Court of Appeal has clarified its position on piercing the corporate veil rejecting an appeal against brought by state-owned Russian bank VTB Capital against Nutritrek International.”
The Lawyer, 20th June 2012
Source: www.thelawyer.com
“Piercing the corporate veil is currently a hot topic with a difference of opinion between various judges on several of the finer points, especially in a contractual context (compare Burton J in Gramsci v Stepanovs [2011] EWCH 333 Comm with Arnold J in VTB v Nutritek [2011] EWCH 3107 CH). In the meantime, while the decision of the Court of Appeal in VTB is eagerly awaited, the doctrine is essential to do justice in practice in many cases even though its theoretical underpinnings remain somewhat elusive.”
11 Stone Buildings, June 2012
Source: www.11sb.com
“Two financial advisers who conned investors out of £3m in a property scam which they lost gambling have been ordered to pay back just £1 each.”
BBC News, 24th March 2012
Source: www.bbc.co.uk
“A jailed lawyer who defrauded Holocaust survivors out of tens of millions of pounds will ask the Supreme Court tomorrow to block an attempt by British police to seize his multimillion-pound assets. In a landmark case, the convicted fraudster Israel Perry is claiming the Serious and Organised Crime Agency (Soca) has no powers to confiscate his luxury homes and valuable art collection in the UK and elsewhere in the world.”
The Independent, 18th March 2012
Source: www.independent.co.uk
“Criminals convicted of alcohol-related offences who avoid jail will be forced to wear ‘sobriety bracelets’, which monitor drinking levels, under a tough community sentence regime ordered by David Cameron.”
The Guardian, 17th March 2012
Source: www.guardian.co.uk
Independent Trustee Services Ltd v Morris: [2012] EWCA Civ 195; [2012] WLR (D) 55
“The defence of bona fide purchaser for value without notice, at the time of receipt of moneys, to a tracing claim by a trustee for the recovery of misappropriated trust moneys was not available to the recipient thereof where a consent order made in ancillary relief proceedings pursuant to which the moneys had been paid had been rescinded, on the recipient’s application to renew the ancillary relief application because of non-disclosure of assets, by the time the defence was raised.”
WLR Daily, 28th February 2012
Source: www.iclr.co.uk
“Two members of a Romany gypsy family who flew in and out of Britain to pocket more than £800,000 in benefits have been ordered to pay back just £17.65.”
Daily Telegraph, 24th February 2012
Source: www.telegraph.co.uk
“Viren Rastogi, the London metals trading tycoon behind one of Britain’s biggest ever frauds, has been ordered to serve seven years behind bars on top of an initial sentence of nine-and-a-half years because he has failed to return millions of pounds defrauded from 20 international banks.”
The Guardian, 24th February 2012
Source: www.guardian.co.uk
“Prosecutors have recovered more than half a million pounds in assets from Anne Darwin, whose husband faked his own death in a sea canoeing accident so they could claim more than £600,000 in life insurance money.”
The Guardian, 14th February 2012
Source: www.guardian.co.uk
Serious Organised Crime Agency v Perry and others (No 2) [2011] EWCA Civ 578; [2011] WLR (D) 164
“A court in England and Wales had the power under Part 5 of the Proceeds of Crime Act 2002 to make a recovery order in favour of the trustee for civil recovery in respect of recoverable property outside the jurisdiction, whether moveable or immoveable.”
WLR Daily, 18th May 2011
Source: www.iclr.co.uk
Please note that once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed
Serious Organised Crime Agency v Gale and another [2010] EWCA Civ 759; [2010] WLR (D) 179
“The costs incurred by an enforcement authority, such as the Serious Organised Crime Agency, in paying an interim receiver to investigate the defendant’s finances and assemble that material as the basis for civil recovery proceedings constituted costs of the litigation.”
WLR Daily, 13th July 2010
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
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