Practice

The Queen’s Bench Division granted summary judgment to the applicant investors (members of the Davies Group) who had invested in a Caribbean development scheme. It ruled that the applicants were entitled to the sum that the respondents (directors of Harlequin Property (SVG) Ltd) had agreed to pay in a settlement agreement made with them in October 2014. That settlement had arisen out of the applicants’ claim that they had been induced to enter contracts concerning the development. The court held that the respondents’ subsequent claim that they had been induced to enter into the settlement agreement by misrepresentation had no realistic prospect of success and had all the hallmarks of an attempt by the respondents to avoid their obligations under the agreement. NLJ