The Lawyer and Law 360 quote James Hyne on our involvement in the landmark Greensill trial
Judgment was recently handed down in the case of Credit Suisse Virtuoso SICAV-SIF & Anr -v- Softbank Group Corp. & Ors [2025] EWHC 2631 (Ch).
Charles Russell Speechlys and Daniel Lewis of Wilberforce Chambers acted for the Seventh Defendant, Greensill Limited, which is a company in liquidation acting by its joint liquidators, Geoffrey Rowley and Paul Allen of FRP.
James Hyne, Partner, comments:
This case presented complex challenges and novel legal issues resulting in a judgment confirming what (if any) relief the Court may order in respect of both section 423 and section 238 claims, even if proven. Although our clients were somewhat neutral in the litigation and sought no relief, we are pleased to note that the Judge agreed that the transactions were at an undervalue for the strict purposes of the legislation. It is not yet known whether the Claimants will seek an appeal, but nonetheless this judgment is likely to provoke discussion as to the intersection between the judicial finding of a transaction at an undervalue / putting assets beyond the reach of creditors, yet an unwillingness to grant relief for that transaction because the recipient was acting in good faith and the value of the asset had, in the learned Judge’s view, reduced to nil.
Read the full article in The Lawyer here.
Related coverage:
Law 360, Global Restructuring Review, Insolvency Insider
Click here for the press release.
