Triodos Bank NV v Ashley Charles Dobbs & Anor, Court of Appeal - Chancery Division, February 08, 2005, [2005] EWHC 108 (Ch)

Reporting Judge: [2005] EWHC 108 (Ch)

President: Triodos Bank NV v Ashley Charles Dobbs & Anor

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Triodos Bank NV v Ashley Charles Dobbs & Anor, Court of Appeal - Chancery Division, February 08, 2005, [2005] EWHC 108 (Ch)

Neutral Citation Number: [2005] EWHC 108 (Ch)

Case No BS150417

Case No 4721 of 2002

IN THE HIGH COURT OF JUSTICE

CHANCERY DIVISION

Royal Courts of Justice

Strand, London, WC2A 2LL

Date: 08/02/2005

Before :

THE HONOURABLE MR JUSTICE LIGHTMAN

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Between :

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Mr Stuart Hornett (instructed by Hennah & Co, Montpelier Road, Ealing, London W5 2QT) for the Receivers

Mr Ashley Dobbs appeared in person

Hearing dates: 27th-28th January 2005

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Judgment

Mr Justice Lightman:

INTRODUCTION

1. I have before me two applications. The first is an application for the determination of the liability in damages of the first claimant Mr Ashley Dobbs (``Mr Dobbs'') under a cross-undertaking given by him on the 30th July 2002 (``the Cross Undertaking''). On that day on an interlocutory application Mr Dobbs gave the Cross Undertaking to pay damages for any loss suffered as a result of the first and second defendants (``the Receivers'') being restrained by an undertaking to the court (``the Undertaking'') from disposing of shares in Acorn USA (``the Shares''), if it turned out that Mr Dobbs was not entitled to the Undertaking. Acorn USA was the subsidiary incorporated in Missouri USA of the second claimant Acorn Televillages Limited (``Acorn''). An order...

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