Enforcement of judgment by order of sale of £24m property in Knightsbridge
Thereafter, obtaining an order for sale of the Defendant’s penthouse apartment in Knightsbridge and costs orders on an indemnity and standard basis. Following the Defendant failing to comply with the order for sale, obtaining vacant possession of the property and further orders for costs against the Defendant as a result of his failure to comply. Defeating an application for an injunction to prevent exchange from taking place (with a further costs order) and subsequently effecting the completion of the sale of the penthouse apartment for a price of over £20m in payment of the debt and other sums (including the costs of effecting the sale) due to our client. As the sale proceeds of the penthouse apartment did not cover the full extent of the sums owed to our client, we obtained a further order for sale of another of the Defendant’s apartments in Knightsbridge. We were successful in obtaining a tailored order for sale including specific provisions requested by us given our experience in dealing with the sale of the penthouse apartment previously. We obtained vacant possession of the property and further costs orders against the Defendant. The sale completed for a sum of just under £1 million and our client received payment of the debt and other sums from the sale proceeds.