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Misrepresentation – Fraudulent misrepresentation. The claimant company advanced a sum by way of loan to a company owned by the defendants, in return for shares in the company. The claimant commenced an action seeking to recover the sum primary basis of the claim was that it was contended that the claimant had entered into the whole arrangement with the defendants as a result of what were said to be fraudulent misrepresentations made by the first defendant. The Queen's Bench Division held that none of the fraudulent representations pleaded had been made out and therefore the claim failed.
Misrepresentation – Fraudulent misrepresentation. The claimant company advanced a sum by way of loan to a company owned by the defendants, in return for shares in the company. The claimant commenced an action seeking to recover the sum primary basis of the claim was that it was contended that the claimant had entered into the whole arrangement with the defendants as a result of what were said to be fraudulent misrepresentations made by the first defendant. The Queen's Bench Division held that none of the fraudulent representations pleaded had been made out and therefore the claim failed.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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