Misrepresentation

The Chancery Division held that, on the facts, the defendant property developer, who had entered into a joint venture with the claimant solicitor for the purchase and renovation of terraced properties, was not liable for excess renovation costs. The court also ruled on the claimant’s unfair prejudice petition in relation to the affairs of a limited liability partnership (the LLP), through which the properties had been purchased and through which the defendant had managed the renovation of the properties. It held that the defendant had not deliberately misapplied or diverted substantial or any money provided by the claimant for the purpose of the renovation works. The defendant admitted some liability to give account to the LLP and the court ordered that he was liable to account in certain respects.