Law Firm Gave Council Too Much Leeway, Developer Says

Law360, London (November 4, 2020, 3:20 PM GMT) -- A British property developer suing Howard Kennedy LLP for more than £12 million ($15.6 million) said the law firm brokered an agreement that gave a regional council "excessive discretion" to pull out of a deal to build hundreds of homes in southern England.

Karis Development Ltd. and Karis Southern Housing Projects Ltd., its special purpose vehicle, say in their Oct. 22 filing that they did not understand the terms and effect of a conditional sale agreement inked between the parties as part of the development deal, adding that "had they done so, they would not have agreed to them."

Karis says...

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