Read the full judgment text of CACV 34/1993 on BabelCite. This Court of Appeal judgment was delivered on 4 June 1993.
1. This case, in which we have had the advantage of very able arguments on both sides, concerns an agreement for the sale and purchase of a unit in an industrial building. On the afternoon before the date fixed for completion, the plaintiff vendor's creditors obtained from Mayo, J a Mareva injunction against the vendor. As a result of the impact of that injunction as perceived by the parties to the agreement at that stage, completion did not take place on the day fixed for it, neither party offe