Group Seven Ltd and another v Allied Investment Corporation Ltd and others

Misrepresentation – Fraudulent misrepresentation. The claimants brought proceedings against the defendants, submitting that they had been induced to invest €100m with the first defendant company as the result of fraudulent misrepresentations. The Chancery Division held that, on the evidence, the misrepresentations had occurred and that there had been no contributory negligence. The claimants were entitled to rescission of the contract and damages.

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