Real Estate Legal Update — May 2014: a trap for the unwary tenant; and an even bigger trap for the unwary developer or investor
Unless the lease makes express provision to the contrary, a tenant will not be able to recover from its landlord any prepaid rent or other sums that relate to the period after a break date.
Marks & Spencer had exercised its right to break under four leases in West London from its landlord, BNP Paribas.
Despite there being no express provisions in the leases, Marks & Spencer claimed for recovery of £1.1m of prepaid rent and other charges relating to the period after the break date…
Click on the link below to read the rest of the Macfarlanes briefing.
News from The Lawyer
Briefings from Macfarlanes
M&A Weekly Update: forced sale of shares does not qualify as ‘an offer to the public’ requiring publication of prospectus; and more
Macfarlanes has released its M&A Weekly Update for the period 27 June to 3 July 2014.
Investment Management Update — 4 July 2014: FCA Handbook Notice 13; ESMA updates Q&As on AIFMD; and more
Macfarlanes has released the 4 July 2014 issue of its Investment Management Update.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.