Legal briefings from the world's leading law firms
Legal Briefing
'Sale and rent back' - the Court of Appeal decision affecting lenders and vendors
Practice Area: Mortgages and Security
Sector: Business services
Jurisdiction: England & Wales
Published: 30 January 2012
Law Firm: 4 New Square
Overview
The Court of Appeal has upheld the decision in the North East Property Buyers litigation that "sale and rent back" vendors do not have overriding interests giving them priority over lenders who fund the purchase from the vendors on the security of first legal mortgages.
This briefing from 4 New Square outlines why the case has significant implications for thousands of SARB cases all over the country.
Click 'View Briefing' to learn more.
Rating: 
6 people found this useful
People who read this also read these
- Exemption situation
- How to handle IP assets in an insolvency
- When is a subsidiary no longer a subsidiary: The Lender Perspective
- Budget 2010 - the main implications for corporate legal services
- Financial Regulation briefing: Review of the Client Assets Sourcebook
- Tax briefing: To buy and not to buy – virtual assignments and their tax treatment
Keep up to date with the most recently added briefings to LegalWeekLaw.com
© Incisive Media Investments Limited 2012, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093.