21/09/2018

Twenty Essex Street in offshore win for Alexander Vik

In the latest development in this long-running dispute, a team from Twenty Essex Street acted successfully for Mr Alexander Vik (and two other parties) in the Court of Appeal of the Turks & Caicos Islands, resulting in the dismissal of proceedings brought against Mr Vik and several other defendants by English court-appointed receivers. The Court of Appeal accepted the submission that the receivers had acted ultra vires the terms of the order by which they were appointed. The appeal also raised fundamental issues of private international law concerning the recognition of English receivers by way of equitable execution in offshore jurisdictions.

The team comprised Duncan Matthews QC, Tony Beswetherick and Alistair Wooder of Twenty Essex Street (instructed by James Clarke at Brecher LLP and Ariel Misick QC at Misick & Stanbrook) together with Deborah John-Woodruffe of Misick & Stanbrook.