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Business leases: rent arrears - insolvency and escrow

Series: Commercial Leases ; 19(1) January 2005, 935-938(4)Publication details: 2005Subject(s): Summary: Discusses the case "Dyment v Boyden" ([2004] EWCA Civ 1586, Times 2 December 2004), regarding the delivery of a deed in escrow. An escrow is an instrument that is delivered so that it does not take effect as a deed until certain conditions are met. Only once the conditions are met will it become a deed. The case also raises a novel application of the Companies Act 1985 s151. Sets out the general legal principles in relation to case law.

Discusses the case "Dyment v Boyden" ([2004] EWCA Civ 1586, Times 2 December 2004), regarding the delivery of a deed in escrow. An escrow is an instrument that is delivered so that it does not take effect as a deed until certain conditions are met. Only once the conditions are met will it become a deed. The case also raises a novel application of the Companies Act 1985 s151. Sets out the general legal principles in relation to case law.