It was the result that the property world had been waiting for:
the recent High Court judgment on the enforceability of a lease
post-Brexit held that Brexit will not be a frustrating event. The
European Medicines Agency was not entitled to terminate its lease
and will remain bound by its terms after the UK leaves the EU.
We consider the main takeaways from this case and the points
that landlords, as well as parties to other commercial contracts,
should take note of.
Permission to appeal has been granted, so it remains to be seen
whether the Court of Appeal will agree.
Although the same probably can't be said for Parliament, the
Courts have taken decisive action when it comes to Brexit and have
decided that Brexit will not frustrate a lease contract.
