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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