Mr. Justice Laycraft also made reference to the case of Holman v. Johnson (1775), 1 Cow p. 341 in which Lord Mansfield set out the principle that: “No Court will lend its aid to a man who founds his cause of action upon an immoral or illegal act”. Mr. Justice Laycraft stated that “since 1775 this principle has been repeatedly applied with the result generally, that gains or losses resulting from illegal transactions remain where they have fallen”.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.