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Funding agreement

Language: English Series: Estates Gazette Case Summaries ; (1993) EGCS 69 (17/4/93) (1)Publication details: 1993Subject(s): Summary: "P&O Property Holdings Ltd and others v Norwich Union Life Insurance Society" CA 1 April 1993. An appeal against the interpretation of a funding agreement, which allowed the defendant landlord to insist on the developer paying negative premiums to tenants in an attempt to let the new shopping centre in a depressed market. Appeal allowed.

"P&O Property Holdings Ltd and others v Norwich Union Life Insurance Society" CA 1 April 1993. An appeal against the interpretation of a funding agreement, which allowed the defendant landlord to insist on the developer paying negative premiums to tenants in an attempt to let the new shopping centre in a depressed market. Appeal allowed.