Board of Trustees of the National Provident Fund v Brierley Investments Ltd
Board of Trustees of the National Provident Fund v Brierley Investments Ltd
- 1996
- New Property Cases [1996] NPC 102 (2) .
Privy Council 24 June 1996. A contractual obligation in an agreement for a lease not to offer for completion a lease containing a `ratchet clause` does not preclude the execution of a lease containing a provision which has in substance the same effect. (HEADNOTE FROM JOURNAL) - NOT TO BE PHOTOCOPIED.
BOARD OF TRUSTEES OF THE NATIONAL PROVIDENT FUND V BRIERLEY INVESTMENT
LEASES
NEW ZEALAND
RATCHET CLAUSE
Privy Council 24 June 1996. A contractual obligation in an agreement for a lease not to offer for completion a lease containing a `ratchet clause` does not preclude the execution of a lease containing a provision which has in substance the same effect. (HEADNOTE FROM JOURNAL) - NOT TO BE PHOTOCOPIED.
BOARD OF TRUSTEES OF THE NATIONAL PROVIDENT FUND V BRIERLEY INVESTMENT
LEASES
NEW ZEALAND
RATCHET CLAUSE