Commercial development joint venture, heads of terms, construction
Language: English Series: Commercial Leases ; 22(1) February 2008, 1301-1302(2)Publication details: 2008Subject(s): Summary: Discusses the case of Stephen Curley and another v Jayson Hollier [2007]. The case concerned a joint venture (JV) project to redevelop an empty grade II listed building which did not go ahead as scheduled. The developers (C) claimed interest on a loan made to the defendant owners (H) plus the value of the guaranteed profits under the JV. Covers the background to the case; the claim; the defence; the issue (what was meant by the JV proceeding) and the decision. Held: the meaning of proceeding is not clear and either party's meaning could be allowed for. The court found in favour of the claimant (C), finding that they had done their reasonable best to progress the project.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L143238 (Browse shelf(Opens below)) | 1 | Available | 143238-1001 |
Discusses the case of Stephen Curley and another v Jayson Hollier [2007]. The case concerned a joint venture (JV) project to redevelop an empty grade II listed building which did not go ahead as scheduled. The developers (C) claimed interest on a loan made to the defendant owners (H) plus the value of the guaranteed profits under the JV. Covers the background to the case; the claim; the defence; the issue (what was meant by the JV proceeding) and the decision. Held: the meaning of proceeding is not clear and either party's meaning could be allowed for. The court found in favour of the claimant (C), finding that they had done their reasonable best to progress the project.