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The Court of Appeal of England and Wales (“EWCA”) recently ruled in the case of Philip Barton v Timothy Gwyn-Jones and others, involving an agent and a seller who had agreed terms for the payment of a commission fee upon the sale of a property at a specified price, which the agent did not satisfy. The agent claimed payment under the contract, which the seller refused, and legal action followed. The England and Wales High Court (“High Court”) found that the agent was not entitled to be paid, but, on appeal, the EWCA disagreed. Whilst the decision did not come from a court in the Cayman Islands (“Cayman”) the decision would be considered persuasive authority in Cayman proceedings.
As the English High Court describes, in the context of proprietary injunctions, the Legal Statement of the UK Jurisdiction Task Force (UKJT) on cryptoassets and smart contracts to be "an accurate statement as to the position under English Law", the Cayman courts await an opportunity to conduct their own analysis.
Edward Bennett, partner at Bedell Cristin's Jersey office, received the inaugural award for most commendations on Citywealth’s Leaders List at its International Financial Centre (IFC) Awards 2020.
Bedell Cristin has advised Inflexion Private Equity on the acquisition of Estera, a leading global provider of funds, corporate and trust services, from previous owner Bridgepoint.