Law Debenture Trust Corpn v Ural Caspian Oil Corpn Ltd

Subject Matter

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

[1993] 1 WLR 138; [1993] 2 All ER 355, Ch D

[1995] Ch 152; [1994] 3 WLR 1221; [1995] 1 All ER 157, CA

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

[1993] 1 WLR 138; [1993] 2 All ER 355, Ch D

[1995] Ch 152; [1994] 3 WLR 1221; [1995] 1 All ER 157, CA

Appellate History

Law Debenture Trust Corpn v Ural Caspian Oil Corpn Ltd [1993] 1 WLR 138; [1993] 2 All ER 355, Ch D

Decision of Hoffmann LJ sitting as an additional judge of the Chancery Division reversed

Law Debenture Trust Corpn v Ural Caspian Oil Corpn Ltd [1995] Ch 152; [1994] 3 WLR 1221; [1995] 1 All ER 157, CA

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