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A perilous enterprise

Paul Clarke explores the challenges of establishing that trust obligations have arisen after the failure of a joint venture

 

In the recent Court of Appeal decision earlier in 2018 in Generator Developments Ltd v Lidl UK GmbH, Lidl had purchased in its sole name a site at Wates Way Industrial Estate, Brentwood, Essex on which it intended to build a supermarket, and Generator, a property development company, claimed that the purchase was a joint venture and that Lidl held the site on trust for both parties.

 

Source: This article was first published in Trusts and Estates Law & Tax Journal (October 2018) and is also available at lawjournals.co.uk

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