Issues For Determination
Issues For Determination
The issues that I have to resolve are:
In relation to the Optimus Phase, the applicable rate of interest for the purposes of pre-judgment interest against Mr Serwin;
In relation to the Falcon Phase:
Is the lex causae Swedish law or Maltese law?
If the lex causae is Swedish law:
Is Mr Ingmanson liable and to what extent?
Is Mr Ökten liable and to what extent?
What is the applicable rate of interest?
If the lex causae is Maltese law:
Is Mr Ingmanson liable and to what extent?
Is Mr Ökten liable and to what extent?
Are the companies liable and to what extent?
What is the applicable rate of interest?
Is the claimant entitled to a proprietary remedy?
Does any reflective loss issue arise? What is the applicable law in respect of this issue and what does that system of law say about reflective loss?
At an early stage during the hearing on 13 June 2025 I indicated that I needed no further argument on the interest issue that arises in relation to the Optimus Phase and that I needed no further argument concerning the applicability of Maltese law to the Falcon Phase or the relevance of the reflective loss principle. I set out my conclusions on each of these issues below together with my reasons for arriving at those conclusions.
- Heading
- HH Judge Pelling KC
- Background
- Parties Against Whom Judgment is Sought
- Mr Barbaros Ökten – 6 th Defendant
- 9 th -10 th and 12 th -13 th Defendants
- Issues For Determination
- Optimus Phase – The Interest Issue
- The Lex Causae Applicable to the Falcon Phase Claim
- The Reflective Loss Issue
- The Liability and Quantum Issues
- Solid Venture P2P ETI
- Boardwalk Real Estate ETI
- The WSV Pro Mittelstand ETI
- The Reditum Bond
- The Nordic Power ETI
- The Median Trust and Viceroy Industrials Bonds
- The Other Investments
- EFG International Finance Guernsey Ltd (ISIN: CH0273395175)
- EFG International Finance Guernsey Ltd (ISIN: CH0266746608))
- Notenstein Finance (Guernsey) Limited (ISIN: CH0274762357)
- Liability and Quantum
- Proprietary Remedy Declaration
- Conclusions
![CL-2020-000117 - [2025] EWHC 1620 (Comm)](https://backend.juristeca.com/files/emisores/logo_WAai98v.png)