IC Mutual Ltd & Ors v Raven & Ors [2005] EWHC 2680 (Ch) (25 November 2005)

IC Mutual Ltd & Ors v Raven & Ors [2005] EWHC 2680 (Ch) (25 November 2005)

Mr Raven was found to have deliberately breached court orders requiring disclosure of his worldwide assets and the proceeds of fraud, made false statements in affidavits, failed to provide required documentation, and acted in contempt of court. The breaches were not excused by his explanations, which were found to be false and lacking credibility. The court was satisfied beyond reasonable doubt that Mr Raven was in contempt.

Citation
[2005] EWHC 2680 (Ch)
Parties
Claimant: IC Mutual Limited; Claimant: Commercial Lending Corporation Limited; Claimant: Imperial Consolidated Financiers Limited; Claimant: Imperial Consolidated Limited; Claimant: Imperial Phoenix Finance Limited; Defendant: Robert Statham Raven; Defendant: Julie Marie Raven; Defendant: Alternative Investments Strategies Limited
Jurisdiction
England and Wales
Judgment Date
25 November 2005
Procedural Posture
Contempt Application in Civil Proceedings / Judgment on Committal for Contempt
Outcome
Mr Raven found in contempt of court for breaches of disclosure orders.
Legal Topics
Committal for Contempt, Freezing Orders, Asset Disclosure, Breach of Court Orders, Director Duties, Fraud, Knowing Receipt, Misfeasance
Civil Procedure Insolvency Company Law Committal for Contempt Freezing Orders Asset Disclosure Breach of Court Orders Director Duties +3 more

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Parties

IC Mutual Limited

Claimant

Commercial Lending Corporation Limited

Claimant

Imperial Consolidated Financiers Limited

Claimant

Imperial Consolidated Limited

Claimant

Imperial Phoenix Finance Limited

Claimant

Robert Statham Raven

Defendant

Julie Marie Raven

Defendant

Alternative Investments Strategies Limited

Defendant

Procedural Posture

Contempt Application in Civil Proceedings / Judgment on Committal for Contempt

Legal Issues

  1. 1 Whether Mr Raven breached disclosure orders of the court regarding his assets and the proceeds of fraud.
  2. 2 Whether Mr Raven made false statements in affidavits regarding his assets and income.
  3. 3 Whether Mr Raven failed to provide documentation and information as required by court orders.

Ratio Decidendi

Mr Raven was found to have deliberately breached court orders requiring disclosure of his worldwide assets and the proceeds of fraud, made false statements in affidavits, failed to provide required documentation, and acted in contempt of court. The breaches were not excused by his explanations, which were found to be false and lacking credibility. The court was satisfied beyond reasonable doubt that Mr Raven was in contempt.

Court Disposition

Mr Raven found in contempt of court for breaches of disclosure orders.

Orders

  • Committal for contempt ordered against Mr Raven.