“…In Bilta (UK) Ltd v NatWest Markets Ltd [2020] EWHC 546 (Ch) Snowden J said at [186] that the statements of principle in Bank of India v Morris were “clear Court of Appeal authority” for the proposition that section 213 …”
“…(“MTIC”) fraud. There have been numerous descriptions of MTIC fraud in reported cases: for a recent brief description see Bilta (UK) Ltd v Nat West Markets plc [2020] EWHC 546 (Ch) (a similar claim concerned with spot trading of EUAs in the same period) at [12] per Snowden J. It is not necessary for the purposes of this appeal to add yet …”