Wright v McCormack (WFO Judgment) [2024] EWHC 1735 (KB) (05 July 2024)

Wright v McCormack (WFO Judgment) [2024] EWHC 1735 (KB) (05 July 2024)

Mr McCormack has a good arguable case for recovery of costs in the sum of £1.548m, based on entitlement under the Chamberlain Order and strong prospects of setting aside prior costs orders and recovering damages for fraud. There is a real risk of dissipation of Dr Wright's assets, justifying the grant of a Worldwide Freezing Order in the sum sought.

Citation
[2024] EWHC 1735 (KB)
Parties
Claimant/respondent: Craig Wright; Defendant/applicant: Peter McCormack
Jurisdiction
England and Wales
Judgment Date
05 July 2024
Procedural Posture
Application for Worldwide Freezing Order / Post Trial, Post Appeal, Costs Enforcement
Outcome
Worldwide Freezing Order granted in the sum of £1.548m.
Legal Topics
Worldwide Freezing Order, Costs Recovery, Fraudulent Misrepresentation, Asset Dissipation, Setting Aside Orders for Fraud
Civil Procedure Defamation Fraud Worldwide Freezing Order Costs Recovery Fraudulent Misrepresentation Asset Dissipation Setting Aside Orders for Fraud

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Parties

Craig Wright

Claimant/respondent

Peter McCormack

Defendant/applicant

Procedural Posture

Application for Worldwide Freezing Order / Post Trial, Post Appeal, Costs Enforcement

Legal Issues

  1. 1 Whether Mr McCormack has a good arguable case for recovery of costs against Dr Wright
  2. 2 Whether there is a real risk of dissipation of Dr Wright's assets justifying a Worldwide Freezing Order
  3. 3 Whether costs orders previously made in favour of Dr Wright can be set aside or reversed due to fraud

Ratio Decidendi

Mr McCormack has a good arguable case for recovery of costs in the sum of £1.548m, based on entitlement under the Chamberlain Order and strong prospects of setting aside prior costs orders and recovering damages for fraud. There is a real risk of dissipation of Dr Wright's assets, justifying the grant of a Worldwide Freezing Order in the sum sought.

Court Disposition

Worldwide Freezing Order granted in the sum of £1.548m.

Orders

  • Worldwide Freezing Order against Dr Wright in the sum of £1.548m
  • Ancillary orders for disclosure of assets