Page 231 - Bundle for MF Final
P. 231

Bates no   230






                         involved.  These  proceedings  resulted,  it  seems,  in  a  clean  break  between  the

                        Defendants. The  Claimant does not know  how  the  first Defendant represented the
                         payment to her of £500,000 by the Claimant in the 2018  family court proceedings.

                         From  documents  she  has  provided,  the  first  Defendant  accepts  that  at  times  she
                         referred to the £500,000 payment as a loan. The  Claimant does not know how the

                         2017/18  litigation  ended  but  recalls  that  he  was  told  that  the  second  Defendant's
                         obligation  to  pay  periodical  payments  was  reduced.  The  Defence  [B34  §14.5.3]

                         suggests that some  form of conditional  clean break was agreed  in the proceedings
                         between the Defendants.



                  Claimant's case
                  11.    It is the Claimant's case that he and the first Defendant were in a solid relationship at

                         the time of the financial transfers referred to above. He hoped and intended that he

                         and the first Defendant would live together in a long term committed relationship. He
                         and the first Defendant often discussed that they were working on, and investing in,
                         the property together for their joint benefit.



                  12.    The Claimant will say that there was an agreement and a common intention between

                         himself and the first Defendant that the Claimant would acquire a beneficial interest
                         in the property. Without this agreement and understanding, the Claimant will say, he

                         would  not  have  provided  the  first Defendant  with  over  £600,000  of cash,  largely
                         funded from his insurance payment, which was intended to provide for him for the

                         remainder of his working life.


                  13.    On this basis, the Claimant's case is that he has a beneficial interest in the property,
                         arising  out  of the common intention  between the  parties and  to  be  determined  by

                         reference  to  the  financial  contributions  which  the  Claimant  made.  Further,  the

                         Claimant is entitled to the repayment of the £82,164.01 which he loaned to the first
                         Defendant.


                  14.    The Claimant does not actively seek the sale of the property; if the first Defendant can

                         raise the funds to meet her obligations to him from other sources, the Claimant would
                         gladly  agree  to  her  retaining  the  property.  He  acknowledges  that  the  sale  of the

                         property may be inevitable if the Claimant has insufficient other resources.


                                                             3
   226   227   228   229   230   231   232   233   234   235   236