Insights: January 2012

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Fladgate advises on a placing by Galileo Resources Plc

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Fladgate LLP acted for Shore Capital Stockbrokers Limited as broker and Beaumont Cornish Limited as nominated advisor in respect of the placing by Galileo Resources plc (Galileo) of 4,857,143 ordinary shares at 35 pence. The placing raised £1.7 million and the shares were placed with a number of existing and new institutional investors. Galileo is […]


Foreign orders no defence to contempt of court

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In the long running matter of Masri v Consolidated Contractors and others [2011] EWHC 1024 (Comm) the court had made orders in support of a judgment, including two receivership orders, various freezing orders and orders requiring the provision of affidavits of assets. The defendants were Lebanese and, after the English orders were made against them, […]


Fladgate acts on a disposal for AIM listed Mentum Inc

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Fladgate LLP has acted for AIM company Mentum Inc (Mentum), an investment group specialising in the commodities sector, on the disposal of its London Metal Exchange trading activities and related subsidiaries, assets and liabilities. The disposal will allow Mentum to focus on an alternative investing strategy to seek business opportunities in the Oil & Gas […]


The secret recipe behind Reggae Reggae Sauce

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The case of Anthony Bailey and another v Keith Graham and others [2011] EWHC 3098 (Ch) involved a claim brought against Levi Roots relating to the secret recipe behind his ‘Reggae Reggae Sauce’, which became a well known success following his appearance on the television show Dragon’s Den. Anthony Bailey and Sylvester Williams alleged Mr […]


AIM listed Toumaz secures investment from Imagination Technologies Group

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Fladgate LLP has acted for AIM listed client Toumaz Ltd (Toumaz), a pioneer in low cost, ultra low power wireless communications and broadcast technology, on the securing of investment from Imagination Technologies Group plc. The investment establishes a new subsidiary, Toumaz Microsystems. Toumaz Microsystems will be responsible for growing the company’s wireless IC business. Corporate […]


Occupy the web?

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Not only has the word “Wikipedia” entered into everyday language but the online encyclopaedia’s blackout of its service on 18 January 2012 has certainly prevented many of us from looking up a quick fact. (Particularly many students!) The online encyclopaedia’s blackout is in protest against two anti-piracy laws currently being debated in the US. Google […]


An Olympic headache for employers?

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The long anticipated Olympic Games (Games) are finally arriving in London in July 2012. Whilst many Londoners are excited at hosting such a prestigious sporting event, employers face legitimate concerns that disruption for staff and their day to day operations may spoil the occasion. By planning ahead and preparing for the inevitable consequences of the […]


Banking and finance partner Gary Smith joins Fladgate

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Fladgate LLP is delighted to announce the appointment of partner Gary Smith, who joined on 3 January from Osborne Clarke. Gary specialises in real estate finance, corporate lending and leveraged finance, working both domestically and cross border. Gary’s appointment is part of the firm’s continuing strategy to identify senior individuals with the expertise to enhance […]


International Litigation in London - January 2012

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Developments relating to litigation and arbitration in London.  


Bank's claim justiciable

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The Commercial Court in JSC BTA Bank v Mukhtar Ablyazov and others [2011] EWHC 202 (Comm) has refused to stay proceedings brought by a Kazakh bank against its former Chairman. The bank had been nationalised in February 2009, and the defendant was previously its Chairman and a political opponent of the Kazakh government. The claim […]


Curtains for Hackney

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This is the sad tale of the £11 million refurbishment project at Hackney Empire Theatre. Following the insolvency of its main contractor, Sunley Turiff Construction, it was left facing a £3.2 million hole in its finances. The new theatre’s first season of productions and the Christmas pantomime had to be cancelled and tickets refunded. You […]


Fladgate advises on the acquisition of Four Seasons Hotel, Regents Park

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Fladgate LLP advised a group of private investors on the acquisition of Four Seasons Hotel, located in Regents Park, London. The investors were advised by a cross department team at Fladgate that included partners Sunil Sheth (corporate), Amy Collins (corporate) and Antonia Brandes (real estate), associate Mythily Katsaris (corporate) and solicitor John Forde (tax). Fladgate’s […]