Trade Secrets - Illiquidx Ltd v Altana Wealth Ltd.
Jane Lambert Chancery Division (Mr Justice Rajah) Illiquidx Ltd v Altana Wealth Ltd and others [2025] EWHC 299 (Ch) (13 Feb 2025) This was a claim for breach of contract and confidence and trade secrets and copyright infringement, The Parties The claimant was Illiquidx Ltd, ("IX") a company that describes itself as "an innovative independent financial services boutique specialised in illiquid markets, which caters to institutional, professional and high net worth investors." Its activities focus on sales, trading and advice, One of the markets in which it claims expertise is the sovereign debt of Venezuela , a country that has laboured under international sanctions for many years and has recently defaulted on its debt. The first and second defendants are Altana Wealth Ltd ("Altana") and Lee Robinson ("Mr Robinson") Altana's founder, controlling shareholder and chief investment officer. According to its website, Altana seeks uni...