The Law Reports (Chancery Division)
[2000] Ch 372
[COURT OF APPEAL]
BANNER HOMES GROUP PLC.
v.
LUFF DEVELOPMENTS LTD.
and Another
1999 Oct. 25,
26,
27;
2000 Jan. 28;
March 30
2000 Jan. 28;
March 30
Stuart-Smith, Evans and Chadwick L.JJ.
Trusts
— Constructive trust
— Sale of land
— Arrangement or understanding between rival potential purchasers to acquire property through jointly-owned company
— Plaintiff withdrawing from market in reliance on arrangement or understanding
— Defendant completing purchase without involving plaintiff
— Whether circumstances giving rise to constructive trust