Illiquidx Limited (Respondent) v Altana Wealth Limited and others (Appellants)

Tuesday 30 June – Wednesday 1 July 2026 Before Lord Justice Arnold Lord Justice Zacaroli Lord Justice Miles By Appellant’s Notice filed on 27 June 2025 the Appellants, Altana Wealth Limited and Brevent Advisory Limited, appeal a decision of the High Court delivered on 13 February 2025, with a consequentials hearing on 6 June 2025. Illiquidx Ltd (IX) brought claims against Altana Wealth Ltd and Brevent Advisory Ltd following the collapse of a joint venture to launch an investment fund. IX alleged that the defendants misused confidential information shared under a non-disclosure agreement (NDA) to launch a competing fund. The court found that the defendants had breached the NDA and misused IX’s confidential information. However, IX’s copyright claim failed. Altana and Brevent were held liable for breach of contract, misuse of confidential information, and trade secret infringement. The individual defendants were not personally liable, as they had not knowingly or deliberately participated in the wrongdoing.