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Melissa Menelaou (Claimant) Bank of Cyprus Plc (Defendant) Boulter & Co (a Firm) (Third Party)
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Where Reported

[2016] AC 176 and 10 others

Keywords

The claimant is the registered freehold owner of a house at Great Oak Court, Hunsdon, Ware. She is the daughter of Parris and Donna Menelaou and in mid-2008, aged 18 and a student at nearby Hertford Regional College, lived with them and their two youngest children at Rush Green Hall, Great Amwell, a property owned by them jointly. Mr and Mrs Menelaou were engaged in property development, both in their own names and through various companies, and Rush Green Hall was subject to two legal charges in favour of the Bank of Cyprus ("the Bank"), the defendant to this action, to support substantial borrowings, well in excess of the value of Rush Green Hall. In 2008 Mr and Mrs Menelaou decided to sell Rush Green Hall, apply some of the proceeds to buy a smaller property as a family home, gift a sum to the claimant's elder sister to pay the deposit on a house in Enfield which she wanted to buy with her future husband, and free up capital to invest in a further development ...

Legislation Considered

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