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NSW Do Estoppel Principles Get Used Much in Commercial Litigation?

Discussion in 'Commercial Law Forum' started by Steve500, 28 May 2015.

  1. Steve500

    Steve500 Well-Known Member

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    Does Estoppel principles of law get used alot today in commercial litigation disputes anymore?

    For example, in commercial transactions from reneging on agreements to buy a company for a certain amount of money, in inheritance and Trust fund battles (eg making promises in a Trust deed not to sell a property then sell it) or making promises say to a spouse not to sell an asset, then go ahead and do it.

    Basically stopping reneging on agreements that cause inequitable results which from what I know is the basis of Estoppel principles, could be wrong I'm not a lawyer. And promissory estoppel etc.
     
  2. Sophea

    Sophea Well-Known Member

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    Hi Steve500,

    Yes they still appear quite regularly in commercial claims, especially as an alternative argument where the existence of a contract is questionable.
     
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