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04 November 2010 / Joseph Ollech , Adam Rosenthal
Issue: 7440 / Categories: Features , Property
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The road to recovery

Adam Rosenthal & Joseph Ollech report on elephant traps, technical gymnastics & compliance

In Woodar Investment Development Limited v Wimpey Construction UK Limited [1980] 1 WLR 277, a contract for the sale of development land contained a special condition entitling the purchaser to terminate the contract if, prior to the completion date, the property to be sold became subject to compulsory purchase by an acquiring authority. In due course, the purchasers gave such a notice. The vendors disputed it and it was found that the notice was invalid. However, the vendors then purported to accept the purchasers’ repudiatory breach of contract and sue for damages. The House of Lords (by a 3:2 majority) held that the purchasers, in serving an invalid notice of termination, were not manifesting the intention not to perform the contract and therefore the invalid notice of rescission was not, itself, a repudiatory breach of contract.

The principle that an attempt to terminate a contract, relying on the very terms of the contract, if found to be wrongful

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MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
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