Property development / fraud, deceit and conversion

Background

Four parties were involved in this dispute. The claimant, the investors who bought back the failed development company from the administrator alleged the Lease, now held by a third party, was void/voidable/liable to be set aside on the basis of a sham/forgery/Transaction at an undervalue/breach of fiduciary duty. The mediation took place to agree the return of the lease and a payment in compensation to the claimant.

Outcome

Mediation did not settle on the day but the parties came closer to a resolution.