LP found in breach of contract
Chairman of oil group Melrose Resources, Robert Adair, will face a hearing to determine damages for failing to honour his commitment to Advantage Capital’s buyout fund. The ruling could set a precedent for over whether GPs take action over LP defaults in the future.
24 January 2013•2 mins read
PRIVATE REAL ESTATE
Register to unlock this content
Daily global private real estate news and market intelligence- Expertly curated insights to keep you ahead of the market
- Faster, data-driven decision-making powered by our AI interface, Ask PEI
- Access to proprietary research and reports
- Selected investor strategy and competitor performance data