Judgment handed down in UBS AG v Kei and ors

Alice Hawker represented the successful Claimant in UBS AG v Kei and ors in securing a possession order to enforce a loan of £46.8 million, an order to transfer up to the High Court for enforcement and dismissing a counterclaim for £5.5 million. During the six-day trial, the Court considered issues of promissory estoppel, proprietary estoppel, unjust enrichment, negligent misstatement, and the Court’s discretion under s. 36 of the Administration of Justice Act 1970 in circumstances where there are freezing orders expressly prohibiting dealing with the property.

Alice was instructed by the brilliant team at Simmons & Simmons, and in particular Alexander Thavenot, James Voos, and Craig Gilchrist.

Read the full judgment

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