L1T FM Holdings Limited -v- Chancellor of the Duchy of Lancaster
Administrative CourtCivilCourt of Appeal Civil DivisionHigh CourtKing's Bench DivisionJudgment
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Neutral Citation Number: [2025] EWCA Civ 1528
Case No: CA-2025-000090
In the Court of Appeal (Civil Division)
on appeal from the High Court of Justice
King’s Bench Division
Administrative Court
Mrs Justice Farbey
[2024] EWHC 2963 (Admin)
28 November 2025
Before:
Lord Justice Singh
Lord Justice Males
Lord Justice Popplewell
Between:
THE KING (on the application of L1T FM HOLDINGS
LIMITED and LETTERONE CORE INVESTMENTS
SÀRL)
-v-
CHANCELLOR OF THE DUCHY OF LANCASTER IN
THE CABINET OFFICE (formerly SECRETARY OF
STATE FOR BUSINESS, ENERGY AND INDUSTRIAL
STRATEGY)
and
UPP CORPORATION LIMITED
(Interested party)