DAC Beachcroft Real Estate Advisory Alert - Tip of the Week: Repeat Guarantees and Intragroup Assignments
Published 8 September 2014
The decision in K/S Victoria Street v House of Fraser put the enforceability of guarantee arrangements following intragroup transfers under the spotlight. This is because one of the practical implications of the decision was that a guarantee of an existing tenant could not be "carried forward" (i.e. repeated for an incoming tenant).