By Mitchell Labiak2018-08-23T04:59:00
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.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.