Asset deal – buyer not bound by preferential lease rights

Real Estate & Construction

Martin Foerster, ILO-Newsletter 23 January 2015

By law, the buyer of a property automatically enters into existing lease agreements on behalf of the seller. However, the Supreme Court recently rendered a judgment stating that this does not necessarily apply to all clauses contained in a lease agreement, thereby redefining the scope of this provision.


Martin

Dr. Martin Foerster

LL.M. (LONDON) Partner
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