25. Enforceability of Agreements resulting from Unlawful Communications

(1) If in consequence of an Unlawful Communication, a person Engages in Investment Activity as a Customer, any agreement entered into by him as a part of that activity is unenforceable against him and he is entitled to recover —
(a) any money or other property paid or transferred by him under the agreement; and
(b) compensation for any loss sustained by him as a result of having parted with it.
(2) If in consequence of an Unlawful Communication a person exercises any rights conferred by a Specified Investment, no obligation to which he is subject as a result of exercising them is enforceable against him and he is entitled to recover —
(a) any money or other property paid or transferred by him under the obligation; and
(b) compensation for any loss sustained by him as a result of having parted with it.
(3) The Court may allow —
(a) the agreement or obligation to be enforced; or
(b) money or property paid or transferred under the agreement or obligation to be retained;
if it is satisfied that it is just and equitable in the circumstances of the case.
(4) In considering whether to allow the agreement or obligation to be enforced or (as the case may be) the money or property paid or transferred under the agreement to be retained, the Court must have regard to —
(a) if the Applicant made the Unlawful Communication, whether he reasonably believed that he was not making such a communication; and
(b) if the Applicant did not make the Unlawful Communication, whether he knew that the agreement was entered into in consequence of such a communication.
(5) The amount of compensation recoverable as a result of subsection (1) or (2) is —
(a) the amount agreed between the parties; or
(b) on the application of either party, the amount determined by the Court.
(6) If a person elects not to perform an agreement or an obligation which (by virtue of subsection (1) or (2)) is unenforceable against him, he must repay any money and return any other property received by him under the agreement.
(7) If (by virtue of subsection (1) or (2)) a person recovers money paid or property transferred by him under an agreement or obligation, he must repay any money and return any other property received by him as a result of exercising the rights in question.
(8) If any property required to be returned under this section has passed to a third party, references to that property are to be read as references to its value at the time of its receipt by the person required to return it.