Henderson & Jones has recently used an innovative assignment model to take control of a number of significant property assets for the benefit of bankruptcy estates. The property interests have now been secured and hundreds of thousands of pounds are due to be returned to the bankruptcy estates. See below for a brief explanation of how this was acheived.
Judgment has today been handed down in Re BetIndex Limited regarding the distribution to customers of funds held in a trust by BetIndex Limited t/a Football Index. Please see our summary of the key findings and a link to the full judgment.
Today's decision from the Paris Court of Appeal is a significant breakthrough for thousands of women who have suffered as a result of the PIP implants scandal, who have been fighting for justice for over a decade. This ruling against TUV Rheinland - the company which certified these defective implants - is an important step, but there is much more work to be done. In the UK alone, it is estimated that close to 50,000 women have suffered as a result of PIP implants. In the UK, Henderson & Jones is continuing to fight for compensation for the patients of Hospital Medical Group through High Court proceedings against the former directors of Hospital Medical Group, the Wilkes Partnership LLP and Barclays Bank, to recover monies that were deliberately put beyond the reach of thousands of PIP victims."
H&J Director Services 1 Limited has been appointed by the Court to represent those customers of BetIndex Limited t/a Football Index with an interest in arguing that the “Relevant Date” (in relation to the distribution of certain monies held on trust for customers) should be a date after 26 March 2021. This matter has been listed for a one day hearing on Friday 21 May 2021. While we are still working with counsel to formulate our position (and the arguments in support of that position), our current intention is to propose at least two potential ‘Relevant Dates’ as set out in this statement.
By an order of the Court dated 11 May 2021, H&J Director Services 1 Limited (a wholly owned subsidiary of Henderson & Jones Limited) has been appointed as a representative of certain customers of BetIndex Limited t/a Football Index.
One of our challenges as a company that takes assignment of litigation is to demonstrate how we add value. In this article, our resident accountant, Gwilym Jones, analyses the numbers behind one of our recently concluded cases and explains how our approach to litigation can benefit all stakeholders.