“The Gambling Commission should investigate the couple selling their £1 million house through a £25-a-ticket lottery, a gambling law expert has said. The Commission refused to comment on the case.”
OUT-LAW.com, 27th August 2008
Source: www.out-law.com
“An illegal landbanking scheme which sold plots of land to investors with the promise of big profits has had its assets frozen following action by the City watchdog.”
The Guardian, 4th June 2008
Source: www.guardian.co.uk
Aribisala v St James’ Homes (Grosvenor Dock) Ltd
Chancery Division
“The only real scope for the exercise of the court’s discretion, under section 49(2) of the Law of Property Act 1925, to order the return of a deposit, was when the purchaser of a property was unable to perform the contract; whereas, a purchaser would have the right to the return of the deposit when a vendor was unable to perform the contract.”
The Times, 4th April 2008
Source: www.timesonline.co.uk
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
Nelson v Greening and Sykes (Builders) Ltd
Court of Appeal
“Although the practical effect of a beneficial owner of property making a declaration of trust in favour of a third party would be to get rid of the trust of an equitable interest then subsisting, as a matter of law, the beneficial owner would not drop out of the picture but would hold the beneficial interest on trust for the third party.”
The Times, 22nd January 2008
Source: www.timesonline.co.uk
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
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