A court decision last week has cast doubt on the enforceability of a guarantee given in respect of an Authorised Guarantee Agreement. The decision is important because it may give rise to the need to change what had become settled practice for almost 15 years, and will affect the protection which landlords expected to be able to call upon.
This eBulletin explains the court's decision and what it means for landlords, tenants and guarantors.
Click here to read the full eBulletin.
Steven Pitchford, Partner
T: +44 (0)20 7849 2527
steven.pitchford@macfarlanes.com
Macfarlanes LLP 20 Cursitor Street London EC4A 1LT
T +44 (0)20 7831 9222 F +44 (0)20 7831 9607 DX 138 Chancery Lane
www.macfarlanes.com