Judgment handed down in Core VCT v Soho Square Capital and others

On 25 July 2025 judgment was handed down by Tom Smith KC, sitting as deputy high court judge, in Core VCT v Soho Square Capital and others [2025] EWHC 1918 (Ch), a decision concerning the law of amendment to plead new causes of action and the application of section 32 of the Limitation Act in the context of summary judgment applications. Three venture capital trusts, acting by their liquidators, had brought claims against a number of defendants. The claimants sought, unsuccessfully,  to rely on a principle of “wrongdoer control” to postpone the running of time under section 32.

Thomas Grant KC led Jonathan Allcock of Maitland Chambers, instructed by Guy Harper and Tayla Dyer of Stephenson Harwood LLP on behalf of the 9^th and 10^th Defendants, against whom all claims were dismissed.

Daniel Lewis led by Catherine Addy KC and led Charles King of Maitland Chambers, instructed by Harcus Parker on behalf of the Applicants and Claimants.

Full judgment