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Judgment: The husband had been ordered to pay the former wife a lump sum of £20m in full and final settlement of her claims. Eleven years later, not a penny had been paid. A without notice order had been made appointing receivers of shares in a Spanish company, of which the husband had been found to be the beneficial owner. This receivership order was set aside following an application by other parties, and the wife now appealed against the set-aside order. Baker LJ decided that the judge had been wrong to set it aside on the mere assertion by the other parties that they were the owners of relevant shares. A third party could not expect to receive the protection of the court if it wasn't prepared for the rights it claimed to be scrutinised. Arguments on limitation, jurisdiction and estoppel also failed. Moylan LJ and Longmore LJ agreed, and the receivership order was restored, the latter adding that the application to set aside the receivership order had been misconceived from the start.

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