Multimillion-pound Barracks Claim

Summary:
The property developer Christian Candy came out of high court with a lost case on his multimillion-pound claim over the Chelsea Barracks development in London. The judge found Mr Candy’s Qatari partners in the project violated the terms of their agreement by withdrawing the planning permission after the intervention of the Prince of Wales. He also said that Mr Candy’s company, CPC Group, was not entitled to the early payment of 68,5 million under the terms of the contract. The issue will be considered if CPC seeks damages for the breach of contract.

Opinion:
I think that the judge has a point in this case, since contracts are not made for nothing. However, if a company breaks a contract there should be some form of compensation. I think that big companies are getting way too much freedom already and should be more regulated by rules through government. The power that these multimillion-pound companies have is just too much. So in this case I do think that Mr Candy deserves to get his money. Since his partners have violated their contract.

Article:
http://www.independent.co.uk/news/uk/home-news/no-payout-for-property-developer-despite-court-ruling-2010291.html