The Weekly Law Reports
[1993] 1 WLR 138
[CHANCERY DIVISION]
LAW DEBENTURE TRUST CORPORATION v. URAL CASPIAN OIL CORPORATION LTD. AND OTHERS
[1991 S. No. 428]
1992 March 6;
9;
Sept. 29;
Nov. 2
Sept. 29;
Nov. 2
Hoffmann J.
Contract
— Covenant
— Breach
— Compensation moneys to be held by trustee on behalf of shareholders
— Shareholders transferring shares to company on company covenanting with trustee to pay over any compensation received
— Company in breach of covenant transferring shares to another party
— Other party having knowledge of breach making subsequent transfer
— Whether plaintiff having remedy against other parties in law or equity
Equity
— Inducement of breach of contract
— Violation of plaintiff's rights
— Contract subject to covenant
— Breach of covenant by others not party to contract
— Whether equitable principles applicable