Kened Ltd and another v Connie Investments Ltd
Kened Ltd and another v Connie Investments Ltd
- 1997
- Estates Gazette [1997] 04 EG 141-145(5) .
CA 11 May 1995. Receivers appointed by second planitiff bank D assigned an underlease on a property to K; a wholly owned subsidiary of D, who provided a form of guarantee until acceptable assignment could be made. C later acquired the reversion of the lease. K subsequently made application for consent to assign the lease to R, but C refused, stating that they were not being offered a guarantee of a surety with sufficient assets. The court below held that C had unreasonably witheld consent. C`s appeal dismissed.
ASSIGNMENT
GUARANTEES
KENED LTD AND ANOTHER V CONNIE INVESTMENTS LTD
LANDLORD AND TENANT ACT 1988
LEASES
REPLACEMENT SURETY
SURETY
UNDERLEASE
CA 11 May 1995. Receivers appointed by second planitiff bank D assigned an underlease on a property to K; a wholly owned subsidiary of D, who provided a form of guarantee until acceptable assignment could be made. C later acquired the reversion of the lease. K subsequently made application for consent to assign the lease to R, but C refused, stating that they were not being offered a guarantee of a surety with sufficient assets. The court below held that C had unreasonably witheld consent. C`s appeal dismissed.
ASSIGNMENT
GUARANTEES
KENED LTD AND ANOTHER V CONNIE INVESTMENTS LTD
LANDLORD AND TENANT ACT 1988
LEASES
REPLACEMENT SURETY
SURETY
UNDERLEASE