High net worth individual successfully resolves dispute over alleged £30 million joint venture

Client(s) High net worth individual

Jones Day acted for a high net worth individual in the successful resolution of a claim in excess of £30 million said to be owed under an alleged oral joint venture agreement arising out of the refurbishment of a super-prime central London property. The claim by the individuals behind the entity tasked with its refurbishment alleged that a joint venture agreement was reached entitling them to a significant share of the profits on any sale.