Regalian Properties plc v London Dockland Development Corp
Regalian Properties plc v London Dockland Development Corp
- 1995
- All England Law Reports (1995) 1 All ER 1005-1024(11) .
ChD 2 November 1994. R offered LDDC (L) £18.5m for a licence to build a residential scheme in London Docklands. L`s requests for further designs and costings delayed concluding the contract until falling market values persuaded R that to continue would be uneconomic. R withdrew, with the site undeveloped, and brought an action for the restitution of professional fees incurred in preparing for the scheme. "Held" that if the contractual parties are expressly free to withdraw, than all costs arising from the proposed scheme are the individual parties` risk until the contract is signed.
COSTS
EXPENSES
FEES
PREPARATION WORK
PROFESSIONAL FEES
REGALIAN PROPERTIES PLC AND OTHER V LONDON DOCKLAND DEVELOPMENT CORPORATION
ChD 2 November 1994. R offered LDDC (L) £18.5m for a licence to build a residential scheme in London Docklands. L`s requests for further designs and costings delayed concluding the contract until falling market values persuaded R that to continue would be uneconomic. R withdrew, with the site undeveloped, and brought an action for the restitution of professional fees incurred in preparing for the scheme. "Held" that if the contractual parties are expressly free to withdraw, than all costs arising from the proposed scheme are the individual parties` risk until the contract is signed.
COSTS
EXPENSES
FEES
PREPARATION WORK
PROFESSIONAL FEES
REGALIAN PROPERTIES PLC AND OTHER V LONDON DOCKLAND DEVELOPMENT CORPORATION