The Law Reports (Chancery Division)
[1995] Ch 152
[COURT OF APPEAL]
LAW DEBENTURE TRUST CORPORATION V. URAL CASPIAN OIL CORPORATION LTD. AND OTHERS
1994 Feb. 15,
16;
March 9
March 9
Sir Thomas Bingham M.R., Beldam and Saville L.JJ.
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 with knowledge of breach making subsequent transfer to third party
— Whether trustee having remedy against third party 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