{"id":672535,"date":"2026-04-24T13:26:04","date_gmt":"2026-04-24T11:26:04","guid":{"rendered":"https:\/\/kohenavocats.com\/jurisprudences\/kwok-ho-wan-ors-v-ubs-ag-london-branch-2\/"},"modified":"2026-04-24T13:26:04","modified_gmt":"2026-04-24T11:26:04","slug":"kwok-ho-wan-ors-v-ubs-ag-london-branch-2","status":"publish","type":"kji_decision","link":"https:\/\/kohenavocats.com\/ru\/jurisprudences\/kwok-ho-wan-ors-v-ubs-ag-london-branch-2\/","title":{"rendered":"KWOK HO WAN & Ors v UBS AG (LONDON BRANCH)"},"content":{"rendered":"
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(Remote Hearing) MRS JUSTICE COCKERILL: 1 Despite Mr\u00a0Hossain\u2019s very clear and reassuring and skilful arguments, I\u00a0am going to grant permission to appeal in relation to grounds 2 to 5 only. Those represent really the meat of the issues between the parties, and I\u00a0do so essentially for the reasons summarised at the start of Mr\u00a0Quest\u2019s skeleton, which come very close to my own prior thoughts about the potential application as I\u00a0concluded writing the judgment in this application. 2 It was quite apparent to me, both in the argument and in the writing of this judgment that the authorities in this area are difficult and unclear. I\u00a0have alluded to that fact at, for example, paragraph 84 where I\u00a0described the authorities as \u201cnot entirely pellucid\u201d, and at paragraph 110, where I\u00a0say that the authorities do not speak with complete clarity. Indeed, one of the reasons I\u00a0cited so much of Professor Briggs\u2019 work was that he highlights the lack of clarity, and it also seemed to me somewhat telling that, having his comments, both parties slightly edged away from citing him, which shows that he is a double edged sword; which merely reinforces that this is a rather tricky area. 3 In relation to Article 5.3, it is a case where there is no, on my analysis, English or European case that squarely deals with the point. All in all I\u00a0do consider that there is a real prospect of success. There is enough nuance and lack of clarity within the EU authorities to give that. I\u00a0was, myself, not unaware of the attractions of Mr\u00a0Quest\u2019s argument during the course of argument. While I\u00a0am satisfied with the result which I\u00a0reached, I\u00a0do consider that is a prospect, and a real prospect, that another judge would feel that Mr\u00a0Quest\u2019s argument had the edge, and that the EU authorities ought to be clarified in his direction. 4 I also noted in the judgment that the issue arises in factual circumstances that are more complicated than has really been the case in previously reported challenges. I\u00a0do consider that it has features which are admirably suited for testing the argument and discerning the correct line well. In such circumstances, one might almost say that there is some other compelling reason that permission be granted, but that has not been urged by Mr\u00a0Quest. 5 Similar points can be made in relation to the Article 5.5 argument. I\u00a0do not agree with a number of the points Mr\u00a0Quest makes about my having overstepped in relation to the analysis of the authorities, or not having applied flyLAL in relation to 5.5, but it does seem to me that in relation to 5.5 as well, the question of whether there is a requirement for tortious involvement. Quite where the line lies as a matter of law is still live on the authorities, and again this offers a very good opportunity on interesting and nuanced facts to stress, test and clarify what flyLAL means. 6 So on both points it is an opportunity which I\u00a0consider the Court of Appeal would welcome, and if I\u00a0did not grant permission I\u00a0am entirely confident that they would. It is also a case where the nature of the case means that they are as well placed to decide these points as I\u00a0am. I\u00a0understand what Mr\u00a0Hossain has said about delay, but, of course, as a jurisdictional case, the Court of Appeal will, I\u00a0am sure, try to get to it quickly and they are moderately well placed to do so at the moment, I\u00a0believe. L A T E R 7 In relation to costs I\u00a0am going to give 85 per cent. It is not a huge bill. I, largely, do not like arguments about \u201ctheir bill is as big as ours\u201d, because the bill could be equally excessive on the other side, and frequently is; but it does at least provide a sense check in the sense of not out of step with each other, which can, on occasion, give an indication. Here it is just a neutral factor. 8 There is a small amount in relation to the partner rates because of the 2022 rates. I\u00a0do not think that the 60 per cent recovery point really assists. That cannot make good any straying over the line because it is a contingent element. It ought to have come down further if it was within the guidelines. 9 So far as partner time is concerned, again there is a little bit in this. It is not a big issue, and similarly Mr\u00a0Isaac\u2019s involvement, while I\u00a0entirely understand the good sense of what has been done, there will be a degree of extra time involved in this instance — Mr\u00a0Hoyle getting into the case where Mr\u00a0Isaac was already involved. So there will be a small element of this. 10 So all in all, it seems to me that that is sufficient to take it down to 85 per cent of the total sought. So far as timing is concerned, 14 days. There needs to be something. I\u00a0see the point that it would have been 14 days from a week ago, but people are generally entitled to assume that it is 14 days from the hearing date, and so be it. _______________ CERTIFICATE Opus 2 International Limited hereby certifies that the above is an accurate and complete record of the Judgment or part thereof. Transcribed by Opus 2 International Limited Official Court Reporters and Audio Transcribers 5 New Street Square, London, EC4A 3BFTel: 020 7831 5627 Fax: 020 7831 7737 civil@opus2.digital This transcript has been approved by the Judge.<\/p>\n<\/div>\n

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Sources officielles :<\/strong> consulter la page source<\/a><\/p>\n

Open Justice Licence (The National Archives).<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

(Remote Hearing) MRS JUSTICE COCKERILL: 1 Despite Mr Hossain\u2019s very clear and reassuring and skilful arguments, I am going to grant permission to appeal in relation to grounds 2 to 5 only. 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