Know the boundaries
Small, Jonathan
Know the boundaries - 2008 - Estates Gazette (0833) 23 August 2008, 69-70(2) .
Article discusses legal obstacles being faced by developers due to tough market conditions; in particular the complications that arise when buyers or developers decide to withdraw from conditional contracts for sale. Looks at conditions precedents (including conditions with reference to 'reasonable satisfaction') and also addresses obligations to discharge conditions and attempts to secure agreements in the courts.
GLENMERE PLC V F STOKES & SONS LTD
JOLLEY V CARMEL LTD
LITTLE V COURAGE LTD
LONDON & REGIONAL INVESTMENTS LTD V TBI PLC
PHILLIPS PETROLEUM CO (UK) LTD V ENRON (EUROPE) LTD
P&O PROPERTY HOLDINGS LTD V NORWICH UNION LIFE INSURANCE SOCIETY
TESCO STORES V WILLIAM GIBSON & SON
YEWBELLE LTD V LONDON GREEN DEVELOPMENTS LTD AND ANOTHER
RHODIA INTERNATIONAL HOLDINGS LTD AND ANOTHER V HUNTSMAN INTERNATIONAL LLC
RICS COMMERCIAL MARKET SURVEY UNITED KINGDOM
United Kingdom--
Know the boundaries - 2008 - Estates Gazette (0833) 23 August 2008, 69-70(2) .
Article discusses legal obstacles being faced by developers due to tough market conditions; in particular the complications that arise when buyers or developers decide to withdraw from conditional contracts for sale. Looks at conditions precedents (including conditions with reference to 'reasonable satisfaction') and also addresses obligations to discharge conditions and attempts to secure agreements in the courts.
GLENMERE PLC V F STOKES & SONS LTD
JOLLEY V CARMEL LTD
LITTLE V COURAGE LTD
LONDON & REGIONAL INVESTMENTS LTD V TBI PLC
PHILLIPS PETROLEUM CO (UK) LTD V ENRON (EUROPE) LTD
P&O PROPERTY HOLDINGS LTD V NORWICH UNION LIFE INSURANCE SOCIETY
TESCO STORES V WILLIAM GIBSON & SON
YEWBELLE LTD V LONDON GREEN DEVELOPMENTS LTD AND ANOTHER
RHODIA INTERNATIONAL HOLDINGS LTD AND ANOTHER V HUNTSMAN INTERNATIONAL LLC
RICS COMMERCIAL MARKET SURVEY UNITED KINGDOM
United Kingdom--