Stokors SA & Ors v IG Markets Ltd

Stokors SA & Ors v IG Markets Ltd

The Court of Appeal held that the first-instance judges exercised their discretion properly in both ordering a partial trial of liability and in fixing the quantum of security for costs. There was no error of principle, and the decisions were within the ambit of reasonable case management. The appeal and application for permission to appeal were therefore dismissed/refused.

Parties
Appellants: STOKORS SA & OTHERS; Respondent: IG MARKETS LTD
Jurisdiction
England and Wales
Judgment Date
02 November 2012
Procedural Posture
Civil Appeal / Appeal From Case Management Decisions (security for Costs and Split Trial)
Outcome
Appeal dismissed; Application for permission to appeal refused
Legal Topics
Security for Costs, Case Management, Split Trials, Equitable Remedies, Dishonest Assistance, Knowing Receipt
Civil Procedure Commercial Law Equity Security for Costs Case Management Split Trials Equitable Remedies Dishonest Assistance +1 more

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 2 Authorities cited 5 Party arguments 2 Amounts and remedies 6
Sign in to unlock

Parties

STOKORS SA & OTHERS

Appellants

IG MARKETS LTD

Respondent

Procedural Posture

Civil Appeal / Appeal From Case Management Decisions (security for Costs and Split Trial)

Legal Issues

  1. 1 Whether the judge erred in principle in ordering a partial (split) trial of liability and quantum/damages
  2. 2 Whether the judge erred in principle in the quantum and approach to security for costs

Ratio Decidendi

The Court of Appeal held that the first-instance judges exercised their discretion properly in both ordering a partial trial of liability and in fixing the quantum of security for costs. There was no error of principle, and the decisions were within the ambit of reasonable case management. The appeal and application for permission to appeal were therefore dismissed/refused.

Court Disposition

Appeal dismissed; Application for permission to appeal refused

Orders

  • Appeal from Popplewell J dismissed
  • Application for permission to appeal from Teare J refused