4 Jun 1993
NICE FORTUNE DEVELOPMENT LTD. v. STABLE NETWORK LTD.
- Citation
- NICE FORTUNE DEVELOPMENT LTD. v. STABLE NETWORK LTD.
- Court
- Court of Appeal
- Case number
- CACV34/1993
The Mareva injunction did not bar completion because the parties had arranged for preservation of specified funds from the purchase money to protect the creditors; there was no basis to imply a contractual requirement that the vendor give separate notice of tenant vacation where the purchaser could have inspected and the vendor's notice to complete necessarily asserted readiness to deliver vacant possession; accordingly the vendor validly rescinded and forfeited the deposit and obtained judgment on its counterclaim.