Parker Lloyd Capital Ltd v Edwardian Group Ltd [2017] EWHC 2421 (QB) (16 October 2017)

Parker Lloyd Capital Ltd v Edwardian Group Ltd [2017] EWHC 2421 (QB) (16 October 2017)

The court found that no binding oral contract was concluded between the claimant and the defendant. The evidence did not establish that the parties reached agreement on the essential terms, including the identity of the contracting parties, the scope of the engagement, or the fee arrangement. The claimant's...

Source-derived case information.

Citation
[2017] EWHC 2421 (QB)
Parties
Claimant: Parker Lloyd Capital Limited; Defendant: Edwardian Group Limited
Jurisdiction
England and Wales
Judgment Date
16 October 2017
Procedural Posture
Commercial Contract Claim / High Court Trial Judgment
Outcome
Claim dismissed
Legal Topics
Oral Contracts, Formation of Contract, Success Fee Agreements, Agency, Credibility of Witnesses
Contract Law Commercial Law Oral Contracts Formation of Contract Success Fee Agreements Agency Credibility of Witnesses

Source-derived case record

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 3 Authorities cited 4 Party arguments 2 Amounts and remedies 2
Sign in to unlock

Parties

Parker Lloyd Capital Limited

Claimant

Edwardian Group Limited

Defendant

Procedural Posture

Commercial Contract Claim / High Court Trial Judgment

Legal Issues

  1. 1 Whether an oral contract was formed between the parties for the payment of a success fee
  2. 2 Whether the claimant was the effective cause of the defendant obtaining finance from MetLife
  3. 3 Whether the terms of the alleged contract were sufficiently certain and agreed

Ratio Decidendi

The court found that no binding oral contract was concluded between the claimant and the defendant. The evidence did not establish that the parties reached agreement on the essential terms, including the identity of the contracting parties, the scope of the engagement, or the fee arrangement. The claimant's witnesses were unreliable, and the contemporaneous documents did not support the existence of a contract. The claimant failed to discharge the burden of proof.

Court Disposition

Claim dismissed

Orders

  • Claimant's claim for £2 million success fee dismissed
  • No order for payment by the defendant to the claimant