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23 September 2022
Issue: 7995 / Categories: Case law , In Court , Law digest
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Law digests: 23 September 2022

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Company

Re Nostrum Oil & Gas plc [2022] EWHC 2249 (Ch), [2022] All ER (D) 02 (Sep)

The Chancery Division allowed the application, pursuant to the Companies Act 2006 Pt 26, for an order sanctioning a scheme of arrangement (the scheme) between the applicant, the parent company of a corporate group which operates an oil and gas business in Kazakhstan, and its scheme creditors, a number of whom have been made the targets of EU, UK, and US sanctions as a result of the war in Ukraine. As such, those creditors were ‘sanctions disqualified persons’ who had been prohibited from dealing with the two unsecured notes to which the scheme relates. Among other things, the court held that: (i) even if the sanctions disqualified persons had been permitted to vote on the scheme, the statutory majority would have been obtained; (ii) although the scheme consideration would be held for the sanctions disqualified persons on bare trust until they ceased to be subject to sanctions, the scheme was ‘fair’ as it is not

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MOVERS & SHAKERS

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Sidley—James Inness

Sidley—James Inness

Partner joins capital markets team in London office

Haynes Boone—William Cecil

Haynes Boone—William Cecil

Firm announces appointment of partner as UK general counsel

Devonshires—Nicholas Barrows

Devonshires—Nicholas Barrows

Firm appoints first chief marketing officer to drive growth strategy

NEWS
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NLJ this week: Appeal court reins in ‘wrong defendant’ switcheroo

The Court of Appeal has slammed the brakes on claimants trying to swap defendants after limitation has expired. In Adcamp LLP v Office Properties and BDB Pitmans v Lee [2026] EWCA Civ 50, it overturned High Court rulings that had allowed substitutions under s 35(6)(b) of the Limitation Act 1980, reports Sarah Crowther of DAC Beachcroft in this week's NLJ

NLJ this week: CPR tweak closes third-party disclosure gap
A seemingly dry procedural update may prove potent. In his latest 'Civil way' column for NLJ this week, Stephen Gold explains that new CPR 31.12A—part of the 193rd update—fills a ‘lacuna’ exposed in McLaren Indy v Alpa Racing
NLJ this week: Court of Appeals wrestles with Mazur fallout
The long-running Mazur saga edged towards its finale as the Court of Appeal heard arguments on whether non-solicitors can ‘conduct litigation’. Writing in NLJ this week, Professor Dominic Regan of City Law School reports from a packed courtroom where 16 wigs watched Nick Bacon KC argue that Mr Justice Sheldon had failed to distinguish between ‘tasks and responsibilities’
NLJ this week: Driving test fraudsters steer towards jail
Cheating in driving tests is surging—and courts are responding firmly. Writing in NLJ this week, Neil Parpworth of De Montfort Law School charts a rise in impersonation and tech-assisted fraud, with 2,844 attempts recorded in a year
NLJ this week: Deepfakes demand data law muscle
As AI-generated ‘deepfake’ images proliferate, the law may already have the tools to respond. In NLJ this week, Jon Belcher of Excello Law argues that such images amount to personal data processing under UK GDPR
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