Parker Lloyd Capital Ltd v Edwardian Group Ltd
No contract was formed between the parties at the alleged 2012 meeting or subsequently. There was no sufficient certainty as to the identity of the contracting parties, no written or reliable oral confirmation, and the conduct of the parties was inconsistent with the existence of a binding contract. The Claimant is not entitled to any fee.
- Parties
- Claimant: Parker Lloyd Capital Limited; Defendant: Edwardian Group Limited
- Jurisdiction
- England and Wales
- Judgment Date
- 16 October 2017
- Procedural Posture
- Civil (contract) / Judgment After Trial
- Outcome
- Claim dismissed
- Legal Topics
- Formation of Contract, Oral Agreements, Success Fees, Introduction Agreements, Agency
Case Brief
Summary, issues, holding and outcome
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Parties
Parker Lloyd Capital Limited
Claimant
Edwardian Group Limited
Defendant
Procedural Posture
Civil (contract) / Judgment After Trial
Legal Issues
- 1 Whether an oral contract was formed between the Claimant and Defendant for a success fee upon introduction of a lender
- 2 Whether the Claimant is entitled to a 1% success fee for the introduction of MetLife as a lender
Ratio Decidendi
No contract was formed between the parties at the alleged 2012 meeting or subsequently. There was no sufficient certainty as to the identity of the contracting parties, no written or reliable oral confirmation, and the conduct of the parties was inconsistent with the existence of a binding contract. The Claimant is not entitled to any fee.
Court Disposition
Claim dismissed
Orders
- Claimant's claim for a fee is dismissed
- Papers to be sent to the Insolvency Service regarding Mr Mehta's conduct
Full Case Text
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