CL-2017-000323 - [2025] EWHC 2876 (Comm)

IN THE MATTER OF GERALD MARTIN SMITH

AND IN THE MATTER OF THE CRIMINAL JUSTICE ACT 1988

Royal Courts of Justice

Rolls Building, Fetter Lane,

London, EC4A 1NL

Before :

THE HONOURABLE MR JUSTICE HENSHAW

Between:

(1) THE SERIOUS FRAUD OFFICE

(2) MR JOHN MILSOM AND MR DAVID STANDISH

(as joint Enforcement Receivers in respect of the realisable property of Gerald Martin Smith)

Applicants in the Proceedings

-and-

(1) LITIGATION CAPITAL LIMITED

(a company incorporated in the Marshall Islands)

and 45 others

Respondents in the Proceedings

-and-

HARBOUR FUND II LP

Applicant in the Harbour Application

Respondent in the Thomas Cross-Application

-and-

MR NICHOLAS THOMAS

Applicant in the Thomas Cross-Application

Respondent in the Harbour Application

-and-

DR GAIL COCHRANE

Respondent in the Harbour Application

-and-

45 others

Respondents in the Harbour Application

Daniel Saoul KC and Richard Hoyle (instructed by Harcus Parker Limited) for Harbour Fund II LLP

Dean Armstrong KC and Paul Schwartfeger (instructed by Keystone Law Limited) for Mr Nicholas Thomas

Hearing date: 17 September 2025

Draft judgment circulated to parties: 27 October 2025

Approved Judgment

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