‘Covid restrictions, leases and failure of basis’

“London Trocadero (2015) LLP v Picturehouse Cinemas Ltd ([2021] EWHC 2591 (Ch)) concerned a claim that a tenant of premises let as a cinema was relieved from the obligation to pay rent in respect of periods when lockdown restrictions meant that the cinema had to be closed down. The claim was based on an alleged implied term and on the argument that there was a failure of basis during the lockdown periods. The tenant did not argue that the lease was frustrated …” (more)

[Michael Lower, Hong Kong Land Law Blog, 31 October]

First posted 2021-11-01 17:00:25

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