A former estate agent is taking a claim to the High Court over what he says is an unsettled introduction fee.
Charles Lissack has filed the claim against Manhattan Loft Corporation, for whom he worked as a consultant for 12 years.
Manhattan, which established ‘loft living’ in London, has been behind the £150m restoration of the St Pancras hotel.
Lissack, who now works for Yoo Capital, claims Manhattan owes him a finder’s fee for introducing it to the owner of the site, London and Continental Railways.
The claim states: “In 1996, Mr Lissack introduced an opportunity relating to the redevelopment of the London & Continental Railways site at St Pancras.”
A spokesperson for Manhattan Loft Corporation said: “The claim is completely without merit and MLC is defending it vigorously.”
Lissack was partner of a north London estate agency until 1989, when he switched roles.
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Comments
Good luck with that one.
I think it was Foxtons that went to court a couple of years ago against Hamptons (???) and got their asses whipped on the matter of what constituted a "valid introduction".
6 months and you are out.
Now development land will be considered slightly differently no doubt, but that's 15 years.
Then of course you have the fact that he was employed (directly or indirectly) means that while at work anything that he generates automatically belongs to his employers - that is standard across the board.
If I am employed to create widgets and make a successful one, it belongs to my employer, not to me.
That's why you get paid a salary - that is what you get and that is what your employer gets.
Oh, and as a final note I wonder if the 7 year limit on bringing a claim would apply to this.