Business Lease – Liability of Guarantors – Construction of Lease – Rectification – Admissibility of Evidence

Company Developments (Finance) Limited v Coffee Club Restaurants Limited (1), Richard O’Connor (2) and Garry Prashad (2) [2011] EWCA Civ 766 (14 June 2011)

Guarantors play a pivotal role in the scheme of business leases. Many such leases simply would not be granted in the absence of acceptable guarantors. The investment value of business leases can be materially affected by the quality of the covenant of a guarantor.