Company
Kicks and another v MLS-Multinational Logistics Services Ltd [2025] EWHC 1958 (Ch)
The Chancery Division approved a distribution plan under the Payment and Electronic Money Institution Insolvency Regulations 2021 in the special administration of Rational Foreign Exchange Ltd. The court granted declaratory relief concerning the legal status of various business models and methods used by the company to service EU-domiciled customers post-Brexit. It held that, notwithstanding regulatory breaches, funds received from certain EU customers should be treated as relevant funds and returned accordingly. The court dismissed the application by the intervener, Multinational Logistic Services Ltd, for declarations that its deposited funds were safeguarded relevant funds held by the company, finding that MLS had contracted with Rational FX EU, not the company.
Financial remedy
BC v BC [2025] EWHC 2016 (Fam)
The Family Division ruled on the confidentiality of the private Financial Dispute Resolution (pFDR) process in contested financial remedy proceedings. The issue was whether the husband (respondent) was entitled to refer to events which took place at a private FDR (pFDR). The wife (applicant) contended not, and sought
