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27 October 2020 / Stephen Gold
Issue: 7908 / Categories: Features , Procedure & practice , Civil way
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Civil way: 30 October 2020

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Double whammy in Family; Time to forfeit; Cannibalism at GRO; Probate Overridden; Low-value highs

BREXIT & COVID A LA MOSTYN J

The double whammy of these two horrors has been addressed by Mostyn J in the first reported case on their impact on a company’s value in OG v AG [2020] EWFC 52. In focus was a company providing ducting to a wide range of customers in construction, transportation and other industries. A significant proportion of the trading business was with the EU and if there was no deal, the free trade tariff on which the company operated would end. The company had already experienced a significant decrease in demand. The single joint company valuation expert advised that a Brexit/Covid-19 discount was appropriate but declined to hazard a figure. The wife argued for 10% to be applied not only to the trading element of the valuation but the surplus assets of cash and quoted investments as well. The judge applied 10% on the trading element only. He held that there was

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MOVERS & SHAKERS

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Jurit LLP—Caroline Williams

Jurit LLP—Caroline Williams

Private wealth and tax team welcomes cross-border specialist as consultant

HFW—Simon Petch

HFW—Simon Petch

Global shipping practice expands with experienced ship finance partner hire

Freeths—Richard Lockhart

Freeths—Richard Lockhart

Infrastructure specialist joins as partner in Glasgow office

NEWS
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NLJ this week: No such thing as a ‘Welsh seat’
Talk of a reserved ‘Welsh seat’ on the Supreme Court is misplaced. In NLJ this week, Professor Graham Zellick KC explains that the Constitutional Reform Act treats ‘England and Wales’ as one jurisdiction, with no statutory Welsh slot
NLJ this week: Jury reform risks justice for efficiency’s sake
The government’s plan to curb jury trials has sparked ‘jury furore’. Writing in NLJ this week, David Locke, partner at Hill Dickinson, says the rationale is ‘grossly inadequate’
NLJ this week: Crypto fightback offers ‘new frontier for law’
A year after the $1.5bn Bybit heist, crypto fraud is booming—but so is recovery. Writing in NLJ this week, Neil Holloway, founder and CEO of M2 Recovery, warns that scams hit at least $14bn in 2025, fuelled by ‘pig butchering’ cons and AI deepfakes
NLJ this week: Time to revive the duty to report crime?
After Woodcock confirmed no general duty to warn, debate turns to the criminal law. Writing in NLJ this week, Charles Davey of The Barrister Group urges revival of misprision or a modern equivalent
NLJ this week: When are experts truly ‘necessary’?
Family courts are tightening control of expert evidence. Writing in NLJ this week, Dr Chris Pamplin says there is ‘no automatic right’ to call experts; attendance must be ‘necessary in the interests of justice’ under FPR Pt 25
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