United Kingdom deceitunlawful means conspiracycollective investment schemes

VVV Ltd v Spence

4VVV Ltd v Spence [2024] EWHC 2434 (Comm)

JurisdictionUnited Kingdom

CourtHigh Court of Justice (Commercial Court, King's Bench Division)

Year2024

StatusPersuasive authority

Key Principle

Promoters who market and sell property-investment schemes promising fixed returns they know cannot be delivered are liable to investors in the tort of deceit and for unlawful means conspiracy, and such schemes may constitute unregulated collective investment schemes within the Financial Services and Markets Act 2000.

Area of Law

General

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