Company and Funds Litigation Archives - Dickinson Gleeson

Kidd and Ors v All Services Group Holdings Limited and Ors [2019] JRC 221

Johnny Le Chevalier — Wed, 02 Jul 2025 12:36:59 +0000

[2019-2020] James Dickinson acted for Oak Corporate Finance Limited (“Oak”) in the defence of (a) unfair prejudice claims and (b) a free-standing representation seeking (only) to rectify Oak’s shareholders’ register. The claimants alleged that their shares in Oak had been diluted to their prejudice, after they had refused to participate in EUR 14 million plus capital raising. Oak resisted the unfair prejudice claims and inter alia took the position that the representation to rectify Oak’s share register was procedurally misconceived, as the underlying issues were complex and should all be litigated as part of any unfair prejudice proceedings. The claimants ultimately withdrew their representation and were ordered to pay Oak’s costs on the indemnity basis and to make an interim payment to Oak on account of its costs (see [2020] JRC166).

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C Weise and Others v Oak Corporate Finance Limited and others

Johnny Le Chevalier — Wed, 02 Jul 2025 12:36:31 +0000

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Rassmal Investments LLC v ASG & Ors (2025 and ongoing)

Johnny Le Chevalier — Wed, 02 Jul 2025 12:28:34 +0000

James Gleeson (assisted by Thomas Giles) is instructed by the Plaintiff, Rassmal Investments LLC in a claim against former investments partners, Mubarak and Abdullah Al Suwaiket (and the corporate partnership through which they invested) (“ASG”) in relation to their investment in a significant property development at Vauxhall Cross in London. The claim arises from the enforcement of security by the client’s joint venture partner which resulted in the client being removed entirely from the joint venture. The issues raised in the proceedings are complex and novel to Jersey. It is likely that any judgment will make new law in respect of the extent of duties under Article 46 of the Security Interests (Jersey) law 2012, and in nearly all aspects of the remaining claims. The matter went to trial in January and February 2025 and lasted for 4 weeks. Judgment has been reserved.

James is currently acting in another joint-venture dispute, again relating to a London property development, this time for Omani / BVI clients.

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