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12 December 2025
Issue: 8143 / Categories: Case law , In Court , Law digest
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Law digests: 12 December 2025

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Contract

Credit Suisse Life (Bermuda) Ltd v Ivanishvili and others (Bermuda) [2025] UKPC 53

The Privy Council allowed the appellant Credit Suisse Life (Bermuda) Ltd’s (‘CS Life’) appeal in part, but only regarding the start dates for the assessment of damages for breach of contract. The board dismissed CS Life’s appeal on all other grounds, affirming the findings of the Bermudian courts that CS Life had a contractual obligation to invest policy assets according to the discretionary mandate chosen by the policyholders, which it breached when the assets were instead fraudulently mismanaged by Patrice Lescaudron, a relationship manager at Credit Suisse AG. The board found that CS Life was liable for breach of contract but rejected CS Life’s arguments that it had no relevant contractual duties, that damages should be calculated differently, and that liability should end earlier. The board also dismissed the cross-appeal by the respondent the former Georgian Prime Minister Bidzina Ivanishvili and other respondents seeking to restore the Chief Justice’s finding of fraudulent misrepresentation, holding that the claim was time-barred

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NLJ this week: Renters’ Rights revolution begins—brace for tribunal chaos
he abolition of assured shorthold tenancies and section 21 evictions marks the beginning of a ‘brave new world’ for England’s rental sector, writes Daniel Bacon of Seddons GSC
NLJ this week: Civil procedure gets a spring overhaul
Stephen Gold’s latest Civil Way column rounds up a flurry of procedural and regulatory changes reshaping housing, alternative dispute resolution (ADR) and personal injury litigation
NLJ this week: Why GP complaints are going nowhere
Patients are being systematically failed by an NHS complaints regime that is opaque, poorly enforced and often stacked against them, argues Charles Davey of The Barrister Group
NLJ this week: Prenups meet a jurisdictional brick wall
A wealthy Russian divorce battle has produced a sharp warning about trying to challenge foreign nuptial agreements in the wrong English court. Writing in NLJ this week, Vanessa Friend and Robert Jackson of Hodge Jones & Allen examine Timokhin v Timokhina, where the High Court enforced Russian judgments arising from a prenuptial agreement despite arguments based on the landmark Radmacher decision
NLJ this week: Has Rylands v Fletcher come back from the dead?
An obscure Victorian tort may be heading for an unexpected revival after a significant Privy Council ruling that could reshape liability for dangerous escapes, according to Richard Buckley, barrister and emeritus professor of law at the University of Reading
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