The plaintiffs had paid deposits for apartments which were to be built.
After the developer became insolvent the plaintiffs sought recovery of the deposits, saying they had a lien which preceded the claims of chargees.
The one appeal failed and another succeeded.
the circumstances in which a purchaser's lien will arise are not limited to those in which the contract is or has been specifically enforceable but include those in which there is or has been a right to call for the legal estate whether presently, in the future or conditionally so as to give rise to the equitable interest or estate...
There is no constructive trust: following Fox LJ’s dictum (Ashburn Anstalt v Arnold) mere notice of prior contracts or interests is not sufficient to establish one.
There has to be an objective intention to take subject to the TP’s rights.
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Land Law | Registration Theory Notes (39 pages) |