The Law Society has prepared an interim informative and case summary following the Court of Appeal decision in Dreamvar v Mishcon de Reya (’Dreamvar’) and P&P Property Limited v Owen White & Catlin LLP (‘P&P’).
The case gives rise to a number of difficult practical and legal issues, which require careful and detailed consideration. We continue to consider the complex implications of the judgment for commercial and residential property transactions. We are also reviewing the interpretation placed on the Law Society Code for Completion (the Code) and assessing whether and how the Code and other Law Society documents might be amended. Other elements of practice are also being reviewed.