Below is an attempt by solicitors of a managing agent to stop leasehold residents from criticising a managing agent whose contract has been terminated.
The document is interesting because it is the first time we have encountered an attempt to silence directors of a residents’ management company (RMC).
The other prominent case where a confidentiality agreement was made was when the well heeled residents of St George’s Wharf, Vauxhall, received a £1 million check for excessive service charges in September 2011. This record win came in the form of a cheque from the prestigious Berkeley Group, which builds luxury Thames-side developments. It was a strange episode as the chief executive of Berkeley was quite happy to discuss a pay-out that his company had prevented the residents talking about.
It can be read here
Or: http://www.dailymail.co.uk/property/article-2039128/MARKET-WATCH-Flat-owners-win-record-1m-payout.html
The confidentiality clause in this case has wording that is extremely loose, particularly in urging the directors to use their “best endeavours” to prevent other shareholders – that is, residents – from criticising the out-going managing agent.
























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