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Sale of land – Trust. The Chancery Division dismissed the claimant property developer's claim that the defendant, Lidl UK Gmbh, had purchased a property as part of a joint enterprise with the claimant and that Lidl held the property on trust for both parties. On the facts, there had been no arrangement or understanding, sufficient to give rise to a Pallant v Morgan equity. Accordingly the property was not being held on trust for the claimant as well as Lidl, as joint venturers. No agreement had been made and no assurances had been given by Lidl to the claimant to the effect that the claimant would definitely acquire an interest in the property if Lidl purchased it.
Sale of land – Trust. The Chancery Division dismissed the claimant property developer's claim that the defendant, Lidl UK Gmbh, had purchased a property as part of a joint enterprise with the claimant and that Lidl held the property on trust for both parties. On the facts, there had been no arrangement or understanding, sufficient to give rise to a Pallant v Morgan equity. Accordingly the property was not being held on trust for the claimant as well as Lidl, as joint venturers. No agreement had been made and no assurances had been given by Lidl to the claimant to the effect that the claimant would definitely acquire an interest in the property if Lidl purchased it.
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