Erlanger v New Sombrero Phosphate Co (1878) 3 App Cas 1218

Facts Erlanger was a French banker who bought the lease for the Anguilian island of “Sombrero”, phosphate mining for £55,000. Erlanger then established New Erlanger Phosphate Co (Phosphate), before selling Sombrero’s lease to Phosphate for £110,000 through a nominee. One of Phosphate’s […]