DEVELOPER and house builder Artisan has been awarded £502,000 after winning a legal battle with businessman John Aviss over the sale of regional contractor Bickerton in 2001.
Hertfordshire firm Bickerton was placed in liquidation in January 2002 and Mr Aviss filed a writ against Artisan claiming the company accounts were false and misleading at the time of its sale to Mr Aviss' holding company Infiniteland in July 2001.
But Artisan has been successful in its counter claim against Mr Aviss for deferred consideration on the sale of Bickerton after High Court judge Mr Justice Parks found in its favour last Friday.
Artisan has already spent over £500,000 in legal fees fighting Mr Aviss and a further hearing is due shortly to set costs.
The firm is not ruling out pursuing another £700,000 from Mr Aviss because the holders of insurance-backed bonds on two Bickerton contracts are claiming against Artisan.