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Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).

Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.

To contact our Singapore office, please contact our BD Director, Asia, Rachel Foxton. Out of office hours calls will automatically be diverted to our clerking team in London.

London

Twenty Essex Street
London
WC2R 3AL

enquiries@twentyessex.com
t: +44 20 7842 1200
DX 0009 Lond/Chan Lane

Singapore

28 Maxwell Road
#02-03
Maxwell Chambers Suites
Singapore 069120

singapore@twentyessex.com
t: +65 62257230

Contact

Contact with chambers should be made through the Practice Management Team. They are happy to discuss client requirements and provide further information on such matters as the expertise and experience of individual members, fees, working practices and languages spoken. We have members able to work in French, German, Italian, Spanish, Dutch, Swedish, Greek and Chinese (Mandarin).

Outside working hours, a member of our team is always available to be contacted on matters of an urgent nature. Contact should be made using the Chambers main number or email.

To contact our Singapore office, please contact our BD Director, Asia, Rachel Foxton. Out of office hours calls will automatically be diverted to our clerking team in London.

London

Twenty Essex Street
London
WC2R 3AL

enquiries@twentyessex.com
t: +44 20 7842 1200
DX 0009 Lond/Chan Lane

Singapore

28 Maxwell Road
#02-03
Maxwell Chambers Suites
Singapore 069120

singapore@twentyessex.com
t: +65 62257230

21/12/2012

Global Energy Horizons Corp v Gray

This is an archived article, and some links may not work. Contact us if you have any questions.

The claimant company alleged that the Defendant had breached his fiduciary duties owed to it by taking personal advantage of what was said to be a corporate opportunity. The opportunity was to obtain a financial interests in a special purpose vehicle (“SPV”) that was formed to exploit ultrasound technology designed to increase production of inaccessible oil and gas reserves particularly in mature and underperforming wells. It was not contended by the company that the Defendant was a director. There, having been an order for a split trial as regards liability and quantum, the Court had before it essentially three issues that needed to be determined. First, did the Defendant owe the company any fiduciary duties? Secondly, if fiduciary duties were owed had they been breached? Thirdly, had the company given its fully informed consent or otherwise acquiesced in the conduct of the Defendant, in particular the Defendant taking an interest in and acting on behalf of an investment fund which ultimately acquired the entirety of the shares in the SPV. The court found I favour of the company in respect of each issue.


Member of Chambers: Stephen Atherton QC acted for the Defendant (instructed by Holman Fenwick Willan LLP)

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