CA-2024-001802 - [2025] EWCA Civ 1389

Lakatamia is a Liberian company. In 2008 it entered into a contract with Mr Su, a Taiwanese businessman, by which it took over Mr Su’s positions in derivative instruments priced by reference to the freight forward market. Mr Su was supposed to repurchase those positions a month later but, in breach of the contract, did not do so.

Mr Chang is, or was until December 2017 when he resigned at the request of Mr Su, a director of numerous companies beneficially owned by Mr Su. One of those companies was Cresta Overseas Ltd.

Maître Zabaldano is one of only a small number of Avocats-Défenseurs practising in Monaco. He has been in legal practice since 2001, since 2011 as the managing partner of his own firm, Zabaldano Avocats. His firm was instructed to act for Cresta Overseas in circumstances described below.