Donovan and Another v Grainmarket Asset Management Llp: CA 12 May 2021

Appeal from a judgment holding that the first respondent and first claimant was entitled to his share of the profits of a joint venture agreement with the appellant defendant, notwithstanding that Mr Donovan had not performed all of his duties under the joint venture either wholly or substantially. GAM appeals, contending that Mr Donovan’s right to payment was conditional on performance of his contractual obligations and, moreover, that before any right to payment accrued the agreement had been terminated.
Lord Justice Males
[2021] EWCA Civ 686
Bailii, Judiciary
England and Wales

Updated: 05 August 2021; Ref: scu.662474