Court rules in favour of Canary Wharf in Brexit ‘frustration’ case

By Mitchell Labiak2019-02-20T10:40:00

The High Court has ruled in favour of Canary Wharf Group over its claim that Brexit did not amount to ‘frustration’ of the European Medicines Agency’s 25-year, £500m lease.

‘Frustration’ is a legal term referring to an unforeseen event that changes the nature of the original agreement so drastically that it would be unfair to hold both parties to the contract.

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