SIA Investment Industry v Pardus Wealth Limited & Anor

SIA Investment Industry v Pardus Wealth Limited & Anor

Given the seriousness, deliberateness, and continuing nature of Mr Bryce's breaches of the freezing order and disclosure obligations, and the insufficient mitigation, only an immediate custodial sentence of 15 months is appropriate, with a minimum of 6 months to be served even if contempt is purged. Indemnity costs are awarded to the applicant due to the respondent's conduct.

Parties
Applicant/claimant in Arbitration: SIA Investment Industry; Respondent/defendant in Arbitration: Pardus Wealth Limited; Respondent/defendant in Arbitration: Gregory Robert Bryce
Jurisdiction
England and Wales
Judgment Date
02 July 2025
Procedural Posture
Arbitration Claim (committal for Contempt) / Sanction Judgment Following Finding of Contempt
Outcome
Immediate custodial sentence of 15 months' imprisonment for Gregory Robert Bryce for contempt of court, with a minimum of 6 months to be served if contempt is purged. Indemnity costs awarded to the applicant.
Legal Topics
Contempt of Court, Freezing Orders, Disclosure Orders, Sanctions for Breach of Court Orders
Civil Procedure Commercial Law Injunctions Contempt of Court Freezing Orders Disclosure Orders Sanctions for Breach of Court Orders

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 4 Authorities cited 29 Party arguments 2 Amounts and remedies 3
Sign in to unlock

Parties

SIA Investment Industry

Applicant/claimant in Arbitration

Pardus Wealth Limited

Respondent/defendant in Arbitration

Gregory Robert Bryce

Respondent/defendant in Arbitration

Procedural Posture

Arbitration Claim (committal for Contempt) / Sanction Judgment Following Finding of Contempt

Legal Issues

  1. 1 What is the appropriate sanction for Gregory Robert Bryce's contempt of court by breaching a freezing order and associated disclosure obligations?
  2. 2 Should the custodial sentence be immediate or suspended, and what is the appropriate length?
  3. 3 Are indemnity costs appropriate in this contempt application?

Ratio Decidendi

Given the seriousness, deliberateness, and continuing nature of Mr Bryce's breaches of the freezing order and disclosure obligations, and the insufficient mitigation, only an immediate custodial sentence of 15 months is appropriate, with a minimum of 6 months to be served even if contempt is purged. Indemnity costs are awarded to the applicant due to the respondent's conduct.

Court Disposition

Immediate custodial sentence of 15 months' imprisonment for Gregory Robert Bryce for contempt of court, with a minimum of 6 months to be served if contempt is purged. Indemnity costs awarded to the applicant.

Orders

  • Order for committal of Gregory Robert Bryce for 15 months' imprisonment, with a minimum of 6 months to be served if contempt is purged.
  • Warrant of committal to be issued with power of arrest attached.