focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

IN BRIEF: Anexo wins "victory" in Supreme Court case

Fri, 16th Feb 2024 20:45

Anexo Group PLC - Liverpool, England-based integrated credit hire and legal services company - Announce a victory in the Supreme Court which "sets an important precedent concerning the recovery of contractual liabilities, remoteness and the burden of proof." Anexo says: "The case (Armstead v RSA) directly concerned whether the victim of a non-fault traffic accident is able to recover from the negligent driver's insurance company any contractual liability which the victim owes the hire company; in this case the hire charges which were forfeited by the hire company while the vehicle was being repaired. On a broader scale, the ruling covers any situation where a claimant seeks to recover contractual liability to a third party."

In the original hearing and in two subsequent appeals, the courts had found that such liabilities were not recoverable. The Supreme Court held that each of these courts was wrong in their reasoning and conclusion.

Executive Chair Alan Sellers says: "We are very pleased to announce this Supreme Court decision. It establishes that our clients, as claimants, can recover other liabilities to third parties which are caused by the at fault defendant; and further rules that the burden of proof lies with the defendant. The success of this appeal to the highest Court in the land marks a major milestone in the history of credit hire litigation and the ruling will reinforce our ability to represent the interests of our clients in all aspects of their claims."

Current stock price: 60.18 pence

12-month change: down 46%

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Related Shares

More News
1 May 2024 13:14

EARNINGS: Anexo revenue up; Maintel hails "confident start" to 2024

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance New...

25 Apr 2024 12:54

Anexo makes Bringloe permanent chief financial officer again

(Alliance News) - Anexo Group PLC on Thursday said Interim Chief Financial Officer Mark Bringloe will take on the role on a permanent basis once again...

25 Apr 2024 11:07

Anexo makes Bringloe's CFO appointment permanent

(Sharecast News) - Credit hire and legal services provider Anexo Group has tapped Mark Bringloe to take over as chief financial officer.

16 Feb 2024 13:30

Anexo upbeat on Supreme Court contractual liability decision

(Sharecast News) - Integrated credit hire and legal services provider Anexo announced a significant victory in the Supreme Court on Friday, marking a ...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.