Australia, April 21 -- New South Wales Land and Environment Court issued text of the following judgement on March 20:
1. These proceedings concern a unit sale deed entered into on 3 August 2023 between the plaintiff, Take Off Opportunities Pty Ltd, and the defendant, Susan Quinn Pty Ltd (Unit Sale Deed).
2. By the Unit Sale Deed, Take Off agreed to sell and Susan Quinn agreed to buy 10 million units in an established trust known as "BC Land Trust No 57" (Trust). Pursuant to cl 2.2(a) of the Unit Sale Deed, completion of the transaction was subject to receipt of written consent from a financing company, Alceon Finance Pty Ltd. In the event, written consent was not obtained and the sale did not complete. The plaintiff now seeks to recover ...