Reference Number: UT-2025-000021
Neutral Citation Number: [2026] UKUT 00141 (TCC)
IN THE UPPER TRIBUNAL (TAX AND CHANCERY CHAMBER)
BEFORE:
THE HONOURABLE MR JUSTICE THOMPSELL, JUDGE RUPERT JONES, MEMBER CATHERINE FARQUHARSON
BETWEEN:
ROBIN CRISPIN ODEY
Applicant
-and-
THE FINANCIAL CONDUCT AUTHORITY
The Authority
ORDER
UPON the oral application of the Authority for reporting restrictions;
AND UPON hearing Counsel for the Authority, Counsel for the Applicant, and representatives from Law 360 (Mr William James) and The Times (Mr Ben Martin) in person;
AND UPON the ex tempore ruling of the Upper Tribunal delivered by Judge Jones on 26 March 2026;
AND UPON the proceedings in Claim Nos KB-2024-001562, KB-2024-001194, KB-2024-001198, KB-2024-001151, KB-2023-0003397, and KB-2024-001164, in which the Applicant is also a party (“the Libel/PI Proceedings”);
AND UPON the Applicant and RPC Legal (representing the Times and the Financial Times) indicating in an email dated 1 April 2026 that: (1) disclosure or publication of the documents and information referred to in paragraph 1 below may be necessary in connection with the conduct of the Libel/PI Proceedings or any other proceedings before the courts; and (2) the issue of Reporting Restrictions Orders in respect of the reporting of any other proceedings is not a matter for the Tribunal;
IT IS ORDERED THAT:
PENAL NOTICE: BREACH OF THIS ORDER MAY BE TREATED AS A CONTEMPT OF COURT AND MAY RESULT IN THE IMPOSITION OF A FINE, IMPRISONMENT OR SEIZURE OF ASSETS
Pursuant to Rule 14 of the Tribunal Procedure (Upper Tribunal) Rules 2008, save with the permission of the Tribunal, and save as set out in paragraph [3] below, no one, save for the parties and their advisers in connection with the conduct of these proceedings, shall publish or disclose the name or initials of any alleged complainant (or, if different, any individual, save for Mr Odey, who was the source of or the subject of any such alleged complaint) in relation to these proceedings in respect of:
The facts and matters concerning Mr Odey set out in the document titled “Summary of Evidence Relating to the Alleged Conduct of Crispin Odey” dated 19 January 2021 (referred to at the hearing as “the First Simmons & Simmons Report”, and by its trial bundle reference “F/68”).
The facts and matters concerning Mr Odey set out in the document titled “Summary of Evidence Relating to the Alleged Conduct of Mr Crispin Odey” dated 30 November 2021 (referred to at the hearing as “the Second Simmons & Simmons Report”, and by its trial bundle reference “F/237”).
The facts and matters concerning Mr Odey’s interaction with a new joiner at Odey Asset Management during an office tour in March 2021 (referred to at the hearing as “the New Joiner Allegation”).
For the avoidance of any doubt, this order applies specifically (but without prejudice to the generality of paragraph 1) to include the individuals identified by the initials/ciphers set out in the Confidential Schedule to this Order.
This Order does not prohibit the disclosure or publication by any person of any document or information in connection with the conduct of the Libel/PI Proceedings.
Liberty to apply to any member of the media (or other third party) affected by this Order.
JUDGES OF THE UPPER TRIBUNAL:
THE HONOURABLE MR JUSTICE THOMPSELL, JUDGE RUPERT JONES, MEMBER CATHERINE FARQUHARSON
RELEASE DATE: 7 APRIL 2026