Aerospace Co. Wins Fight With BNP Over Rocket Test Site

Law360, London (March 31, 2021, 2:51 PM BST) -- A British aerospace company has the right to walk away from a lease with BNP Paribas for a new rocket engine testing facility because it did not promise to overlook construction delays, a London judge ruled Wednesday.

Reaction Engines Ltd. was contractually entitled to issue a notice terminating its lease agreement with BNP Paribas Depository Services Ltd. after a deadline to build a rocket testing facility in Buckinghamshire was not met, said Judge Jonathan Richards, sitting as a deputy judge of the High Court.

Representatives for Reaction Engines did not explicitly commit to leasing the site when they entered talks about...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!