The appeal was heard for four days in late February/early March before Lady Justice Gloster, Lord Justice Patten and Lord Justice Floyd. The court has reversed the decision of the trial judge and awarded P&P equitable compensation for the purchase price and consequential losses.
The court found that when Owen White & Catlin LLP, acting as solicitors for the vendor, paid away the purchase price of a property in West London to an imposter it did so in breach of trust and in breach of an undertaking provided under the Law Society Code for Completion by Post 2011. OWC was refused relief under section 61 of the Trustee Act 1925.
Please see a link to the judgment here.
Gary and Chris will be giving a seminar about the case and its implications on 21 June.
For more information about this case and the forthcoming seminar please contact Charlotte Crane