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Haji V. Frangos Notes

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This is an extract of our Haji V. Frangos document, which we sell as part of our Conflict of Laws BCL Notes collection written by the top tier of Oxford students.

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HAJI V. FRANGOS FACTS The first plaintiff is a Greek Cypriot shipowner of immense wealth. He holds both
Cypriot and British passports. His domicile of choice is in Monaco. He spends most
of his time in Greece. He has a house in London, but the judge found nothing in the
evidence to suggest that he had spent significant amounts of time in England during
the past few years. The second and third plaintiffs are Panamanian companies owned
and controlled by the first plaintiff and managed in Greece. Mr Frangos, the first defendant, is a much younger man. He is Greek by nationality.
He is the son of a shipowner, although not an owner of the same scale of affluence as
the first plaintiff, as few owners are. Mr Frangos has a house in Monaco and his
personal domicile is there, but the judge concluded that his main residence and what
the judge considered his major business are in Greece. The first plaintiff has a daughter, Clelia. In January 1990 she and Mr Frangos were
engaged to be married. On their engagement the first plaintiff gave the couple a yacht.
The marriage was solemnised in Greece in September 1990. The Plaintiffs' statement
of claim in these proceedings pleads that an agreement or understanding was made
between the first plaintiff and Mr Frangos at about the time of this engagement. The
agreement provided that: (1) Mr Haji­Ioannou agreed that he would (directly or through companies he
controlled) transfer sums of monies to Mr Frangos (or his agents) to be used
for the purpose of acquiring vessels to be run and managed as a commercial
enterprise. (2) Mr Frangos was to hold and manage the Funds on behalf of the Plaintiffs
and subject to the instructions of Mr Haji­Ioannou; (3) The Plaintiffs were to remain the beneficial owners of the Funds (including
all profits thereon and additions thereto) and Mr Frangos was to account to Mr
Haji­Ioannou in respect of the Funds;
(5) By managing the Funds, Mr Frangos would, for his part, be able to
develop experience and gain contacts in the shipping business.' The marriage between Mr Frangos and his wife had by the end of 1993 broken down,
and in January 1994 they separated. On 6 May 1994 the three plaintiffs addressed to
Mr Frangos at the offices of his management company Seaways Shipping Enterprises
Ltd (a Liberian company) in Piraeus an extra­judicial witness statement and without
prejudice notice…. The notice called for the delivery to the plaintiffs of all shares,
company documents and records relating to the fourth to 15th defendants inclusive
and the ships which they had bought. The writ in these proceedings was served on Mr Frangos in London when he visited to
do some shopping on 7 October 1997, and before the end of that month vessels

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