Case studies

Steering a path through assignment maze

Our lawyers advised on assignment issues relating to a lease held by an old style solicitors' partnership post K/S Victoria Street v House of Fraser.

Following the above decision, there was a substantial risk that the alienation provisions of the lease requiring partners who were currently guarantors to replace retiring partners holding the legal estate, would be void. With assistance from John McGhee QC, a route was found which preserved the landlord's ability to ensure its rights were protected on assignment.

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Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority.

Penningtons Manches Cooper LLP