BNP Paribas victorious in rent dispute with Marks & Spencer

摘要

The Supreme Court this week ruled in favour of BNP Paribas Securities Services Trust in its dispute with Marks & Spencer, in a landmark deal for commercial property landlords. In a dispute that has been running for more than two years, Marks & Spencer was claiming a quarter of a year's rent and charges relating to its premises at the Point, Paddington, when it exercised a break clause to determine the leases of four floors that were used as overflow space from its nearby headquarters.