Shades of Gray: competing rights in the supercar market
In Gray v Smith & Others, Mr Justice Cooke, sitting in the Commercial Court, determined a dispute involving conflicting proprietary claims to a rare McLaren F1 GTR Longtail.
The judge had to consider a series of transactions involving the Longtail, many of which were recorded by incomplete or contradictory documents. He also had to consider an issue about agency and a constructive trust, a rare beast in title disputes, as well as the manner in which motor dealers buy and sell cars.
Mr Gray frequently lent money to various individuals so that they could purchase supercars for him. One such individual was Mr Edwards, who was reputedly disorganised and often unreliable when presented with an invoice for payment…
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Addleshaw Goddard has released the 16 October 2014 issue of its Data Issues Roundup, which provides a weekly round-up of data issues.
This round-up includes costs and unreasonable refusals to engage in ADR and four recent cases considering the refusal by one party to engage in ADR.
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