Tennaro Ltd v Majorarch Ltd, 7 November 2003 (High Court, Chancery Division).
The issue in this case was whether the seller of three flats was entitled to retain the deposits following the purported rescission of the sale contracts by both parties. The court held that the seller's rescission was valid and that it was entitled to retain the deposits, there being no special reasons why the court should order return of the deposits to the buyer.