"On each occasion that such orders have been made, I have given notice to MWP that I am exercising a right to set off the amount of such costs orders against the judgment debt."
"Enforcement … will be stayed pending any further order or direction of the High Court upon an application for set-off being issued by the defendant to HHJ Pelling QC by 4.00 pm on22 July 2022 ."
"It is clear from the parties' submissions that, save for repeated applications to vary the freezing order, there have been no judicial decisions at High Court judge level or above, regarding the appropriateness of setting off orders for costs such as the one that underpins these proceedings or other extant orders between the parties."
"(2) There shall be a new clause 5.1(a) and 6.1(b) of the funding deed as follows: '5.1(a) Any recovery made by Mr Emmott from MWP in or arising out of the arbitration proceedings including the security for costs pledged by MWP in the arbitration proceedings is to be applied first to the repayment of the amounts advanced by Mr Sinclair pursuant to the amended funding deed and this addendum before being applied by Mr Emmott for his own benefit or for the purpose of paying other sums then owing by him to others, including sums owing by Mr Emmott to his legal advisors. 5.1(b) For the avoidance of doubt, payment by Mr Emmott of the loan made under both the amended funding deed and this addendum does not include any element of profit by Mr Sinclair …'"
"Mr Emmott hereby assigns all his rights, title, interest and benefit in that part of the debt due, amounting to the sum of£1,316,396.24 ."
"This deed is conditional on MWP accepting that you [Mr Sinclair] may exercise a right of set-off with respect to the assigned property."
"Mr Emmott hereby assigns all his rights, title, interest and benefit in that part of the judgment debt amounting to the sum of£1,047,000 to Mr Sinclair."