Sachs v Snape & Ors [2026] EWHC 1059 (Comm) (19 January 2026)

Sachs v Snape & Ors [2026] EWHC 1059 (Comm) (19 January 2026)

The claimant is entitled to summary judgment against the first and fourth defendants for breach of contract, breach of trust, and knowing receipt, as the evidence shows the defendants received and failed to return the claimant's assets, and no real prospect of a defence exists. The claimant is entitled to delivery up of proprietary assets and interim payments. Claims against the second, third, and fifth defendants are not sufficiently established for summary judgment at this stage.

Citation
[2026] EWHC 1059 (Comm)
Parties
Claimant: Frederick Ali Florian Detley Sachs; First Defendant: Hadyn Ross Snape; Second Defendant: Joshua Samuel Snape (aka Jonathan Mark Snape); Third Defendant: Renaissance Digital Holdings; Fourth Defendant: Dig Miami LLC; Fifth Defendant: Persons Unknown
Jurisdiction
England and Wales
Judgment Date
19 January 2026
Procedural Posture
Commercial Court Claim (summary Judgment Application) / Summary Judgment
Outcome
Summary judgment granted in part
Legal Topics
Breach of Contract, Breach of Trust, Knowing Receipt, Constructive Trust, Summary Judgment, Equitable Compensation, Damages, Interim Payment, Costs, Misrepresentation, Unjust Enrichment
Commercial Law Trusts Law Cryptocurrency Law Breach of Contract Breach of Trust Knowing Receipt Constructive Trust Summary Judgment +6 more

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Parties

Frederick Ali Florian Detley Sachs

Claimant

Hadyn Ross Snape

First Defendant

Joshua Samuel Snape (aka Jonathan Mark Snape)

Second Defendant

Renaissance Digital Holdings

Third Defendant

Dig Miami LLC

Fourth Defendant

Persons Unknown

Fifth Defendant

Procedural Posture

Commercial Court Claim (summary Judgment Application) / Summary Judgment

Legal Issues

  1. 1 Whether the claimant is entitled to summary judgment for breach of contract and breach of trust against the first defendant
  2. 2 Whether the claimant is entitled to summary judgment for knowing receipt and breach of trust against the fourth defendant
  3. 3 Whether the claimant is entitled to delivery up of proprietary assets and interim payments

Ratio Decidendi

The claimant is entitled to summary judgment against the first and fourth defendants for breach of contract, breach of trust, and knowing receipt, as the evidence shows the defendants received and failed to return the claimant's assets, and no real prospect of a defence exists. The claimant is entitled to delivery up of proprietary assets and interim payments. Claims against the second, third, and fifth defendants are not sufficiently established for summary judgment at this stage.

Court Disposition

Summary judgment granted in part

Orders

  • Summary judgment for the claimant against the first and fourth defendants for breach of contract, breach of trust, and knowing receipt
  • Order for delivery up of proprietary assets in the possession or control of the first, second, third, fourth, and fifth defendants