Erlanger vs. New Sombrero Phosphate Co (1878)

Facts of the case  In this instance, a group of individuals led by Erangler paid £55,000 for an island  which was site to a phosphate mine. Following that, Phosphate Co (Phosphate)  was established to manage the mines, and through a nominee, Sombrero’s lease  was sold to Phosphate for £110,000. The Read more…