#SerleShare – Rescinding Contracts for Fraud – know the limits

Following the recent settlement of HMRC v IGE USA Investments (featured by ITR EMEA Tax Awards 2021 as one of their ‘Impact Cases of the Year’) Gareth Tilley and Max Marenbon consider whether rescission of a contract for fraudulent misrepresentation in equity carries a limitation period by analogy with the tort of deceit (on which question leave was granted to appeal to the Supreme Court in the HMRC case).

Philip Jones QC, Gareth Tilley and Max Marenbon acted on behalf of HM Revenue & Customs.

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Related Barristers

Philip Jones KC

Call: 1985
Silk: 2006

Gareth Tilley

Call: 2007

Max Marenbon is a commercial chancery barrister specialising in civil fraud, company and insolvency disputes. He is recognised by the Legal 500 directory as a ‘Leading Junior’ at the London Bar and a ‘Rising Star’ in the Middle East.

Max has appeared as sole counsel in significant cases, including a leading authority on the English courts’ jurisdiction to grant worldwide freezing orders against third parties. He has assisted with cases at all appellate levels. His Middle East practice is centred on the courts of the Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM).

He is interested in how the law treats new ways of doing business, has experience of cryptocurrency-related litigation, and is growing a practice in artificial intelligence litigation. He has acted as sole advocate in AI-related cases in the UK and Middle East, including the leading ADGM authority on the use of AI-generated documents in litigation.

Appointed to the UK Attorney General’s Panel of Junior Counsel to the Crown in 2024, Max previously qualified as a solicitor at a leading City firm and served as judicial assistant to Lord Wilson at the UK Supreme Court.