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This alert considers two recent English court judgments providing important guidance impacting expert evidence, first as regards conflicts of interest and, second, as regards the risks of an award being challenged for serious irregularity upon a misapplication by the tribunal of a model agreed between quantum experts for assessing damages.
FIRST CASE: COURT OF APPEAL RULES ON CONFLICTS OF INTEREST FOR EXPERTS
The first case we consider is the important decision of the English Court of Appeal in (1)
Secretariat Consulting Pte Ltd, (2)
Secretariat International UK Ltd, (3)
Secretariat Advisors LLC v A Company [2021] EWCA Civ 6. In this case, the Court of Appeal ruled that Secretariat, an international expert services practice, breached a contractual duty to avoid conflicts of interest when it accepted appointments from different parties in related arbitrations. The issues in the case were novel: this was the first
Bukola Smith, the Executive Director, Business Development, in First City Monument Bank Limited has been appointed by FSDH Merchant Bank as the new Managing Director and Chief Executive Officer of the Lagos based financial institution.
This information was revealed in a recent post made by Smith, the new MD/CEO of the bank via her official LinkedIn account.
Her appointment will take full effect in mid-April, 2021, as she moves to take over from Hamda Ambah who will retire from the bank with effect from April 27th, 2021, after 28 years of service to the company, including four years and three months as the Managing Director of the Merchant Bank.
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Recent Development in Expert Evidence: The English Court Provides Guidance on Experts Conflicts of Interests and Highlights the Potential Pitfalls int he Use of Financial Damages Models Tuesday, January 26, 2021
This alert considers two recent English court judgments providing important guidance impacting expert evidence, first as regards conflicts of interest and, second, as regards the risks of an award being challenged for serious irregularity upon a misapplication by the tribunal of a model agreed between quantum experts for assessing damages.
First Case: Court of Appeal Rules on Conflicts of Interest for Experts
The first case we consider is the important decision of the English Court of Appeal in (1)
Google Cloud to pay taxes in Uzbekistan
AKIPRESS.COM - Another Google service has been included into the list of tax payers in Uzbekistan.
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This information was contained in an exclusive disclosure sent to Nairametrics today the 25th of January 2021.
According to the information contained in the press statement, the appointment is in line with AFEX’s mandate of strengthening trade infrastructure for Nigeria’s commodities market, while providing support for smallholder farmers, who are key players in the agricultural value chain.
What they are saying
The CEO of AFEX, Ayodeji Balogun, who commented on the appointment of the New Managing Director, said:
“I am delighted to have Kamaldeen stepping into the leadership at AFEX as the Managing Director of AFEX Fair Trade. This is in alignment with AFEX’s five-year strategy that consolidates the best aspects of our business into business units that will deliver impressive wins in trading, financing and market system development for Africa’s commodities market.”