header-logo header-logo

Lessons from Prest

18 July 2013 / Emma Hargreaves , Daniel Lightman KC
Issue: 7569 / Categories: Features , Commercial
printer mail-detail
istock_000011242544medium

When is it appropriate for the courts to draw adverse inferences? Daniel Lightman & Emma Hargreaves report post-Prest

The decision of the Supreme Court in Prest v Petrodel Resources Ltd [2013] UKSC 34, [2013] All ER (D) 90 (Jun) was awaited with keen anticipation, as it had the potential radically to change the legal landscape for both family and company lawyers. In the weeks since the judgment was handed down, a flurry of articles have addressed, in particular, Lord Sumption’s treatment of the so-called doctrine of piercing the corporate veil and his interpretation of s 24(1)(a) of the Matrimonial Causes Act 1973 (MCA 1973). This article, however, focuses on another aspect of the decision: in what circumstances is it appropriate for the courts to draw adverse inferences? 

Case summary

The facts of Prest are now well-known and accordingly are not set out in this article (see "A matter of trust" & "Law report"). In short, the dispute arose out of ancillary relief proceedings in which

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

CBI South-East Council—Mike Wilson

CBI South-East Council—Mike Wilson

Blake Morgan managing partner appointed chair of CBI South-East Council

Birketts—Phillippa O’Neill

Birketts—Phillippa O’Neill

Commercial dispute resolution team welcomes partner in Cambridge

Charles Russell Speechlys—Matthew Griffin

Charles Russell Speechlys—Matthew Griffin

Firm strengthens international funds capability with senior hire

NEWS
The proposed £11bn redress scheme following the Supreme Court’s motor finance rulings is analysed in this week’s NLJ by Fred Philpott of Gough Square Chambers
In this week's issue, Stephen Gold, NLJ columnist and former district judge, surveys another eclectic fortnight in procedure. With humour and humanity, he reminds readers that beneath the procedural dust, the law still changes lives
Generative AI isn’t the villain of the courtroom—it’s the misunderstanding of it that’s dangerous, argues Dr Alan Ma of Birmingham City University and the Birmingham Law Society in this week's NLJ
James Naylor of Naylor Solicitors dissects the government’s plan to outlaw upward-only rent review (UORR) clauses in new commercial leases under Schedule 31 of the English Devolution and Community Empowerment Bill, in this week's NLJ. The reform, he explains, marks a seismic shift in landlord-tenant power dynamics: rents will no longer rise inexorably, and tenants gain statutory caps and procedural rights
Writing in NLJ this week, James Harrison and Jenna Coad of Penningtons Manches Cooper chart the Privy Council’s demolition of the long-standing ‘shareholder rule’ in Jardine Strategic v Oasis Investments
back-to-top-scroll