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

EMA Canary Wharf

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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