Blog
Share plans and proprietary estoppel: be careful what you promise
Samuel Sherr
In the case of Crowther v Rayment [2015] EWHC 427 (Ch) it was held amongst other things an agent involved with the management of the property could not act in a judicial capacity as arbitrator.
The appellant firm of solicitors (B) appealed a decision that it had breached its fiduciary duty as a trustee. The respondents (C) had invested in a property investment scheme operated by a single purpose company (X). The offering documents consisted largely of two emails from X. C paid the investment monies into B's client account. B acted for X. B used most of the money to reduce X's short-term bank borrowing.
The Chancery Division Judge Mr Justice Morgan recently refused to grant Gordon Ramsay a declaration that a personal guarantee for rent was not binding because his signature had allegedly been unlawfully obtained.
The claimant investors (P) sought declarations under the Proceeds of Crime Act 2002 s.281 that part of a fund which was subject to a freezing order belonged to them.
Skip to content Home About Us Insights Services Contact Accessibility