In Billy Nicholls, Tracey Matthews v Adam Little [2022] EWHC 2344 (QB), the High Court in London granted a Worldwide Freezing Order and other measures in connection with the failure to recover the cryptocurrency Ether (ETH). What happened? Billy Nichols and Tracy Matthews approached Adam Little about investing in ETH. They considered Adam to be an expert in the matter. It appears from the judgment that the claimants transferred ETH to Adam’s wallet or provided…
Scott v Avery clause prohibits commencing litigation or seeking interim measures (such as arrest of property) before a final arbitration award. This article explains how this clause works. Background The case Scott v Avery was tried in 1856. By that time, arbitration had long existed in England. Although contracts contained arbitration clauses, the parties often broke them and sued in court. Courts had no obligation to stay litigation if there was an arbitration clause. Judges…
Based on my speech at the Trend & Hedge Club in Kyiv. Over the last few years, the Ukrainian media have been abuzz with scandals about default of traders. Those traders were seen as solid market players with excellent prospects for the future. In 2019 it was Agroinvest and Cardiff. In 2020 it was Spike Trade. Now it is time for Mimier. The stories are different, but they all follow the same script: Stage 1:…
