‘No unjust enrichment claim for total failure of consideration where valid contract’

“A judge was right to dismiss an unjust enrichment claim when it contradicted the express terms of a valid share purchase agreement. This case is about the principle of unjust enrichment where there is an alleged total failure of consideration. It was ‘set in the context of bitter litigation … surrounding the division of the shared business interests of three wealthy and powerful Ukrainian businessmen’ acting through Dargamo, Avonwick and Azitio …” (more)

[Rebecca Fennessy, Allen and Overy – Compact Contract, 23 September]

First posted 2021-09-24 10:00:53

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