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High Court determines, by way of preliminary issue, that plaintiff did not have a contract with the defendant that gave rise to a cause of action, and that the relevant investment contract was with the defendant’s UK parent company.
Contract law – provision of investment service – contract for wealth management services – damages for negligence, breach of duty including statutory duty, misrepresentation and negligent misstatement in relation to losses incurred by him arising out of certain investments – issue as to the identity of the proper Defendant to the proceedings – whether or not the plaintiff had a contract with this defendant – whether defendant acted as agent – allegation of bad financial advice – question as to the identity of parties to a contract is a factual one and all relevant evidence is admissible – nothing to suggest that the contractual relationship established in the previous agreements had been altered.
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