Banner Homes Group plc v Luff Developments
Banner Homes Group plc v Luff Developments
- 2000
- Estates Gazette Case Summaries [2000] EGCS 15 (1) .
CA 28 January 2000. Parties coming to non-binding agreement to buy site as a joint venture. Company formed by defendant as vehicle for venture. Defendant announcing withdrawal from venture after arranging for company to acquire site and effect subsale of part. Claimant seeking declaration that company shares held by defendant on constructive trust. Claimant successful on appeal.
BANNER HOMES GROUP PLC V LUFF DEVELOPMENTS
CONSTRUCTIVE TRUSTS
JOINT VENTURES
CA 28 January 2000. Parties coming to non-binding agreement to buy site as a joint venture. Company formed by defendant as vehicle for venture. Defendant announcing withdrawal from venture after arranging for company to acquire site and effect subsale of part. Claimant seeking declaration that company shares held by defendant on constructive trust. Claimant successful on appeal.
BANNER HOMES GROUP PLC V LUFF DEVELOPMENTS
CONSTRUCTIVE TRUSTS
JOINT VENTURES