19 May 2026
Alrakban v Webridge Properties LLC [2026] ADGMCFI 0014 (19 May 2026)
- Citation
- [2026] ADGMCFI 0014
The defendant, by its conduct and documentation, represented to the claimant that VAT was included in the purchase price. The SPA did not require separate VAT payment, and the defendant's subsequent insistence on VAT constituted a misrepresentation that induced the claimant to contract. The defendant's counterclaim fails as it repudiated the contract by refusing the claimant's tendered payment and seeking deregistration. Only the VAT misrepresentation is actionable; other alleged misrepresentations are not established.
- Misrepresentation
- Vat liability
- Off-plan property sale
- Contractual interpretation
- Remedies for breach
- Penalty clauses