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England and Wales Court of Appeal (Civil Division) Decisions |
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You are here: BAILII >> Databases >> England and Wales Court of Appeal (Civil Division) Decisions >> Goldtrail Travel Ltd v Aydin & Ors [2016] EWCA Civ 439 (04 May 2016) URL: https://www.bailii.org/ew/cases/EWCA/Civ/2016/439.html Cite as: [2016] EWCA Civ 439 |
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ON APPEAL FROM THE HIGH COURT OF JUSTICE
CHANCERY DIVISION
THE HONOURABLE MRS JUSTICE ROSE DBE
CASE No: HC12D02320
Strand, London, WC2A 2LL |
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B e f o r e :
LORD JUSTICE KITCHIN
and
LORD JUSTICE VOS
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Goldtrail Travel Limited (in liquidation) |
Claimant/ Respondent |
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- and - |
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(1) Abdulkadir Aydin (2) Black Pearl Investments Limited (3) Onur Air Tasimaclik AS (4) Magnus Stephensen (5) Halldor Sigurdarson (6) Philip Wyatt |
Defendants/Appellants (2nd, and 4th to 6th) |
____________________
____________________
Crown Copyright ©
Lord Justice Longmore:
"My conclusion on this point is that the Defendants cannot complain if the court adopts the split that they were prepared to agree as reflecting a reasonable valuation of the shares on the one hand and the commitment on the other. The merging of the two values is part and parcel of their participation in the dishonest scheme not only to deprive Goldtrail of the commission to which it was entitled but also to share the benefit of disguising from the tax authorities the total consideration earned by Mr Aydin" (emphasis added).
It was a conclusion with which we agreed (see paragraph 45 of Vos LJ's judgment).