The Weekly Law Reports
[2013] 2 WLR 678
Supreme Court
Financial Services Authority v Sinaloa Gold plc and others (Barclays Bank plc intervening)
[2013] UKSC 11
2012 Dec 12,
13;
2013 Feb 27
Lord Neuberger of Abbotsbury PSC, Baroness Hale of Richmond, Lord Mance, Lord Clarke of Stone-cum-Ebony, Lord Sumption JJSC
Injunction— Interlocutory— Undertaking as to damages— Financial Services Authority alleging defendants operating share scam and obtaining interlocutory freezing injunction against them— Order including standard cross-undertaking to pay third parties’ costs and losses— Authority subsequently seeking to exclude losses from undertaking— Whether court to exercise discretion to require authority exercising law enforcement role to give undertaking to third parties