Canary Wharf Group legal battle over Brexit to have far-reaching consequences for landlords and tenants

EMA Canary Wharf

European Medicines Agency’s landlords stand to lose millions of pounds of rent from tenants moving because of Brexit.

As the King’s appendicitis was neither man’s fault, Mr Krell successfully argued for the first time in the history of English law that a contract had been frustrated, on the grounds that an implied condition of the contract was that the King would be at the coronation procession. As a result, Mr Krell was not liable to pay any rent.

In a case that is due to be heard in the coming weeks, the European Medicines Agency (EMA) is aiming to use this same legal precedent to win a case against landlord Canary Wharf Group so it can break a 25-year lease and move to Amsterdam. In this instance, there is no unforeseen monarchical malaise. Instead, Brexit is at the heart of the case.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now