We advised the purchasers on the management buy out of the entire issued share capital of a market leading Hertfordshire based family run mobility products business. The matter was completed to a tight completion deadline.
Management buy out for a seven-figure sum
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This recent case highlights the section 2 Law of Property Act requirement that a contract for sale of land can only be made in writing does not prevent an equitable claim for a verbal proprietary estoppel.
The background
Mr and Mrs Howe own White Hart Farm, and a large area of the surrounding land. In 2011 they sold a barn to Mrs Gossop and it was c...
Satyam Enterprises Ltd v John Vincent Burton Jvb Seven Properties Ltd [2021] EWCA Civ 287
The Court of Appeal has recently confirmed that the Duomatic principle can apply where the ultimate beneficial owner, not the registered shareholder, makes the decisions in a transaction.
In 2019, the High Court dismissed a claim, brought by a company (Satyam) agains...