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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InCredit March 2014 — mortgages: Mortgage Credit Directive text published in OJEU; FCA publishes findings to MCOB survey; and more
The text of the Mortgage Credit Directive (MCD) (2014/17/EU) has been published in the Official Journal of the EU.
According to a company press release, Paragon Bank has become the first new bank to obtain a banking licence from the PRA.
Analysis from The Lawyer
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?
The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.